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‘Creed II’ got a $16 million tax break. How film tax credits work in PA and NJ

Pennsylvania's film tax credit is capped at $60 million — an amount some would like to increase. New Jersey is attracting big productions with its newly reinstated film tax credit program.

Actor Sylvester Stallone visited the Rocky statue outside the Philadelphia Museum of Art with Mayor Jim Kenney in April while he was in town town filming "Creed II." The film received more than $16 million in Pennsylvania film tax credits.
Actor Sylvester Stallone visited the Rocky statue outside the Philadelphia Museum of Art with Mayor Jim Kenney in April while he was in town town filming "Creed II." The film received more than $16 million in Pennsylvania film tax credits.Read moreTIM TAI / Staff Photographer