Lawmakers Introduce Bill For 20% Federal Film & TV Incentive — Read The Bill
News Source
β’Thu, 24 Sep 2026 18:31:07 +0000
π° What Happened
US lawmakers have introduced a bill to create a 20% federal tax credit for film and TV productions. The plan is called the Motion Picture, Television, and Entertainment Revitalization Act.
The credit would cover wages paid for a production but not leftover royalty payments. Extra 5% boosts are planned for shoots in opportunity zones or rural disaster areas.
Supporters say the credit could be added on top of existing state incentives. That would help the United States compete with countries offering bigger breaks.
π The Backstory
The bill has backers in both parties. Sponsors include Senators Tim Scott and Adam Schiff and Representatives Linda Sanchez and Brian Jack.
President Donald Trump endorsed the idea last month. To qualify, a production must cost more than $1 million and be at least 75% shot in the United States.
News, live sport, talk shows, daytime dramas, ads and social media content would not qualify. The bill faces a tight timetable before Congress breaks.
π― Why It Matters
Many film and TV jobs have moved overseas for tax breaks. This plan could bring more productions, and more work, back to the United States.
US lawmakers have introduced a bill to create a 20% federal tax credit for film and TV productions. The plan is called the Motion Picture, Television, and Entertainment Revitalization Act.
The credit would cover wages paid for a production but not leftover royalty payments. Extra 5% boosts are planned for shoots in opportunity zones or rural disaster areas.
Supporters say the credit could be added on top of existing state incentives. That would help the United States compete with countries offering bigger breaks.
The bill has backers in both parties. Sponsors include Senators Tim Scott and Adam Schiff and Representatives Linda Sanchez and Brian Jack.
President Donald Trump endorsed the idea last month. To qualify, a production must cost more than $1 million and be at least 75% shot in the United States.
News, live sport, talk shows, daytime dramas, ads and social media content would not qualify. The bill faces a tight timetable before Congress breaks.
Many film and TV jobs have moved overseas for tax breaks. This plan could bring more productions, and more work, back to the United States.