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US federal film and television tax incentive proposal

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2026-09-03 02:10 UTC → 2026-09-03 20:49 UTC · added ~~removed~~

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.

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