Bipartisan Lawmakers Introduce 20% Federal Film Tax Credit to Counter Global Incentives
A bipartisan group of U.S. lawmakers introduced the Motion Picture, Television and Entertainment Revitalization Act on September 24, 2026, proposing a 20% federal tax credit for film and TV production labor. The bill, which includes potential bonuses up to 30% for specific conditions, aims to reverse the exodus of production jobs to countries with more generous incentives. Supported by President Trump, major unions, and industry groups, the legislation seeks to make the U.S. competitive globally, with passage targeted for the lame-duck session after the November midterms.