Bipartisan lawmakers introduce federal film and TV tax credit bill

  • Bipartisan lawmakers introduced legislation creating a federal film and television production tax credit.
  • The credit covers 20% of eligible domestic labor costs and can rise to 30%.
  • Thirty-nine states offer existing incentives that the proposed federal credit would supplement.

A bipartisan group of lawmakers has introduced the Motion Picture, Television and Entertainment Revitalization Act, creating a proposed federal tax credit for film and television production in the United States. The measure would provide a 20% credit on eligible domestic labor costs, including post-production and visual effects, with targeted uplifts potentially raising it to 30%. The federal incentive would supplement existing state programs; 39 states currently offer film and television incentives. Eligible productions would generally need costs above $1 million and at least 75% of principal filming days in the United States, while live sports, daytime dramas, talk shows, news programs, social media content, advertising and corporate videos would be excluded. Reps. Nathaniel Moran, Linda Sánchez, Brian Jack and Laura Friedman, along with Sens. Tim Scott and Adam Schiff, are sponsoring the legislation. President Trump backed a federal incentive earlier this month, and Jon Voight, whom Trump named as one of his "special ambassadors" to Hollywood, also supports the effort. An Olsberg SPI report released by the Motion Picture Association estimates that a federal credit could create nearly 150,000 jobs annually and increase domestic production spending by more than $125 billion over the next decade. An earlier estimate cited in the existing account projected more than 143,000 jobs and $125 billion in spending by 2035. The report says the U.S. accounted for an estimated 34% of global film-production spending and 42% of television-production spending last year, with both shares projected to decline without a federal incentive.

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