Congress Advances Bipartisan 20% Film and TV Tax Credit Bill
Congress in Washington drafted a bipartisan bill that would provide a 20% federal tax credit for eligible film and television productions, with additional uplifts that could raise the credit to 30% if President Donald Trump backs the measure. President Trump had earlier urged Congress to pass a federal tax incentive for domestic film and TV production, a call that was welcomed by Democratic Senator Adam Schiff and the Motion Picture Association. Subsequently, Senators Adam Schiff and Representatives Ilhan Omar and Nancy Pelosi publicly voiced support for the president’s proposal to return film production to the United States.