Supporters of a federal film incentive are preparing an all-out push to pass the legislation by the end of the year, looking to take advantage of momentum before Congress potentially changes hands next term. A bipartisan group of senators and representatives unveiled the bill on Thursday. It would provide a 20%-30% federal incentive for films and TV shows that would stack on top of state incentives, instantly making states like California, Georgia and New York among the world’s most generous film locations.
Linda Sanchez, D-Calif., at a press conference on Thursday. But lawmakers expect that the lame-duck session will include a significant tax bill, into which the U.S. film incentive could be incorporated. Lawmakers Unveil 20%-30% U.S.
Film Incentive in Bid to Restore Hollywood Production The Federal Film Incentive Bill: What’s In and What’s Out “It is the goal and it is realistic,” said Nathaniel Moran, R-Texas, in an interview. The stars have aligned where we have bicameral, bipartisan support, and we have a president who is very supportive of this.” The bill introduced on Thursday has yet to get a cost estimate. As proposed, the incentive would cover a wide range of productions, including animation and reality shows.
It would also cover salaries for actors and other above-the-line talent. A separate visual effects and postproduction credit would also apply to projects that are filmed abroad but completed domestically. Asked whether the bill is a starting point for negotiations, or whether it may pass in something close to its current form, Moran said that time will tell.
County qualifies through January 2030.) “It was important for me to have that in there,” said Rep. Adam Schiff, a Democratic sponsor of the bill, said he is eager to get it done this year, rather than let the momentum flag. I wouldn’t want to see that bleed into next year.” Still, Friedman cautioned, it’s not a sure thing.
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