Congress Drafts a 30% Federal Film Credit With Trump’s Backing

Lawmakers are drafting a bill to create a 20% base federal film and TV tax credit, with four uplift options that could raise the total to 30% and stack with state incentives, potentially yielding 60%+ subsidies depending on where filming occurs. The plan, endorsed by Trump, would cover a wide range of productions (except news and sports) and aim to spur production in rural areas and across many states. The credit would be nonrefundable and face a billions‑of‑dollars cost impact, with a timeline targeting introduction this month and possible passage in a lame‑duck session or next year.