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2 clusters · 31 sources · 3 days · First seen · Last updated

US federal film and television tax incentive proposal

Overview

President Donald Trump has proposed federal tax incentives for film and television production to prevent the loss of domestic jobs to international markets such as Canada, the United Kingdom, and Australia. Describing the state of Hollywood as a “complete and total disaster,” the President has called for bipartisan congressional collaboration to revitalize the American entertainment industry.

The proposed framework suggests a federal tax credit, potentially in the range of 20 percent, for qualifying labor costs on productions made within the United States. This initiative has received support from various stakeholders, including Hollywood studios, major entertainment unions, and Representative Adam Schiff. Industry groups such as the Motion Picture Association and the Directors Guild of America have also voiced support, arguing the incentive will help re-shore jobs and increase the competitiveness of domestic locations like California.

Following a meeting with actor and advocate Jon Voight, the President expressed his support for bipartisan legislation on Truth Social, calling for Congress to ‘save’ the American entertainment business. Legislative efforts are expected to advance, with insiders indicating the incentive may be formally introduced in the House Ways and Means Committee during the week of September 14. The administration aims to move the legislation through Congress to the President’s desk by the end of the year.

Entities

Adam Schiff · Jon Voight · Donald Trump · Motion Picture Association · IATSE

Timeline

  1. 9 days ago

    [BUSINESS] 7 sources
    Trump backs federal tax incentives for US film and TV industry

    President Trump is backing a bipartisan federal tax incentive for the film and TV industry, potentially offering a 20% credit on labor costs to bring production jobs back to the United States.

  2. 11 days ago

    [BUSINESS] 26 sources
    Trump urges Congress to pass federal film and TV tax incentives

    President Trump is urging Congress to pass a bipartisan federal tax incentive for film and TV production to prevent jobs and productions from moving to international markets.

Sources

100percentfedup.com · africa-news.uk · airodeo.com · businessinsider.nl · cinema7arte.com · comicbasics.com · deadline.com · diariodocentrodomundo.com.br · hollywoodreporter.com · indiewire.com · kesq.com · latimes.com · livenowfox.com · lopezdoriga.com · metropolitanmagazine.it · mynewsla.com · nofilmschool.com · nypost.com · offthepress.com · perthnow.com.au · poa24horas.com.br · projectcasting.com · rpp.pe · screendaily.com · thatparkplace.com · thewrap.com · variety.com · viagemegastronomia.com.br · washingtonexaminer.com · worldofreel.com · yve-style.com

This summary has been updated 1 time: see revision history