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Mptera

All articles tagged with #mptera

business11 days ago•14 min saved

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.

via Deadline|

#business #federal-film-incentive #hollywood-jobs

policy-and-industry13 days ago•33 min saved

MPTERA Bill Seeks 20% Federal Credit to Reverse Hollywood Exodus

Bipartisan 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 to counter global subsidies. The bill, backed by President Trump and unions like IATSE, aims to restore jobs and competitiveness, with passage targeted for the lame-duck session.

via Cartoon Brew|

#bipartisan-legislation #federal-tax-credit #hollywood

politics14 days ago•18 min saved

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.

via Deadline|

#bipartisan-legislation #federal-film-incentive #hollywood-jobs