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Federal Film Incentive

All articles tagged with #federal film incentive

Hollywood Unions Report 25-Year U.S. Production Share Plunge
entertainment3 days ago

Hollywood Unions Report 25-Year U.S. Production Share Plunge

A coalition of major Hollywood unions released a report on Monday warning that the United States has lost significant market share in film and television production over the last 25 years. The study, prepared by EY, found that studios spent 74% of film budgets in the U.S. in 1999, a figure that has dropped to 42% today. For television, the domestic share has fallen from 94% to 64%. The unions argue that a federal production incentive of 20% to 30% is necessary to counter generous subsidies offered by countries like Canada and the U.K. and to revive domestic production jobs. The report notes that while total production spending has increased, the U.S. is taking a smaller share of a larger global market. The unions are set to hold a rally in Glendale on Tuesday with Sen. Adam Schiff and other Democratic lawmakers to push for the federal credit, which President Trump has publicly supported.

Bipartisan Bill Seeks 30% Federal Film Credit to Halt Production Exodus
business11 days ago

Bipartisan Bill Seeks 30% Federal Film Credit to Halt Production Exodus

A bipartisan group of lawmakers introduced the Motion Picture, Television, and Entertainment Revitalization Act (MPTERA) on September 24, 2026, proposing a 20% federal tax credit for film and TV production, potentially reaching 30% with bonuses. The legislation aims to reverse the loss of over 50,000 jobs in Los Angeles and compete with international subsidies. While industry leaders view the move as a critical step to restore U.S. production dominance, concerns remain regarding potential cost inflation and the timeline for implementation, which is not expected to take effect until 2027.

Bipartisan Lawmakers Introduce 20% Federal Film Tax Credit to Combat Global Subsidies
politics14 days ago

Bipartisan Lawmakers Introduce 20% Federal Film Tax Credit to Combat Global Subsidies

A bipartisan group of U.S. lawmakers introduced the Motion Picture, Television, and Entertainment Revitalization Act (MPTERA) on September 24, 2026, proposing a 20% federal tax credit for film and TV production. The bill aims to reverse the exodus of production jobs to countries with more generous subsidies by offering a base credit on labor costs, with potential bonuses up to 30% for productions in rural areas, disaster zones, or those spanning multiple states. The credit is transferable and can stack with existing state incentives, though it excludes news, live sports, and non-labor expenses. Proponents, including industry unions and the Motion Picture Association, argue the measure is essential for retaining jobs and competing globally, while critics question the cost and necessity of federal subsidies. Passage is targeted for the lame duck session before year-end, with momentum boosted by President Trump's recent endorsement.

Bipartisan Lawmakers Introduce Federal Film Incentive to Counter Global Subsidies
business-and-policy15 days ago

Bipartisan Lawmakers Introduce Federal Film Incentive to Counter Global Subsidies

A bipartisan group of U.S. lawmakers introduced legislation on September 24, 2026, to establish a 20% federal tax credit for film and television production. The bill, titled the Motion Picture, Television, and Entertainment Revitalization Act, aims to reverse the exodus of production jobs to countries with more generous subsidies. The credit applies to labor costs and can increase to 30% with bonuses for rural areas or disaster zones. It is designed to stack with existing state incentives, potentially making U.S. locations the most competitive globally. The proposal follows a two-year effort by industry unions and the Motion Picture Association, gaining momentum after President Trump endorsed the measure in August 2026. Proponents argue it will create 143,500 jobs and double the industry’s value by 2032, while critics question the cost and necessity of federal subsidies for Hollywood.