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Tax Credit

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Bipartisan Lawmakers Introduce 20% Federal Film Tax Credit to Combat Global Subsidies
politics23 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.

via Deadline|
#bipartisan-legislation#federal-film-incentive#hollywood-jobs
Bipartisan Lawmakers Introduce Federal Film Incentive to Counter Global Subsidies
business-and-policy23 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.

via Variety|
#bipartisan-legislation#business-and-policy#federal-film-incentive
Global EV Sales Diverge: Europe Surges 36% While North America Plunges 33%
automotive1 month ago

Global EV Sales Diverge: Europe Surges 36% While North America Plunges 33%

Global electric vehicle sales reached 1.83 million units in August 2026, up 2% year-over-year, but regional trends diverged sharply. Europe saw a 36% increase in sales, driven by incentives and higher fuel prices, while North America experienced a 33% drop. China’s pure battery electric vehicle sales edged up 0.8% despite a broader decline in new energy vehicles, and markets outside the top three regions nearly doubled. The North American decline is attributed to the expiration of federal tax credits and automaker supply cuts, not just weak consumer demand.

via electrek.co|
#automakers#automotive#europe
Trump Urges Congress to Pass Federal Film Tax Credit to Halt Hollywood Exodus
politics1 month ago

Trump Urges Congress to Pass Federal Film Tax Credit to Halt Hollywood Exodus

President Trump has publicly endorsed a federal tax incentive for film and television production, urging Congress to pass bipartisan legislation immediately. The move follows a year-long push by industry leaders and unions to counter the loss of domestic jobs to countries like Canada and the UK. While the White House and Hollywood stakeholders support the measure, specific details on the credit’s structure remain under negotiation, with proposals ranging from 15% to 20% of labor costs.

via Variety|
#film-industry#hollywood#jon-voight
California bets on post-production tax credit to recapture jobs
business1 month ago

California bets on post-production tax credit to recapture jobs

California’s share of U.S. post-production jobs has fallen as editing, sound and visual effects move to New York, Canada and the U.K. AB 2319 would create a 35%–50% tax credit on California post-production spending, seeking about $100 million annually, and heads to a Senate vote. Supporters say it could attract and retain work in-state, while economists warn it may mainly subsidize projects that would have stayed in California anyway. The measure comes as workers—from Foley artists to editors—see dwindling hours and salaries, and California’s broader film incentives require some production activity in-state. Critics question whether the policy will meaningfully expand employment given budget pressures.

via Los Angeles Times|
#business#california#film-industry
California rolls out up-to-$3,500 EV tax credit to accelerate switch to electric cars
technology2 months ago

California rolls out up-to-$3,500 EV tax credit to accelerate switch to electric cars

California announced a one-time incentive offering up to $3,500 off a new zero-emission car (price cap under $50,000) or half that for used EVs (under $25,000), funded with about $135 million and matched by automakers; initial eligible brands include Hyundai, Tesla, and Lucid, with Ford, Rivian, Chevrolet, Kia and others to join later, aimed at boosting EV adoption and cleaner air.

via ABC7 Los Angeles|
#california#carmakers#electric-vehicles
LA Filming Slips as State Expands Incentives
business2 months ago

LA Filming Slips as State Expands Incentives

LA shoot days fell about 12–13% in April–June versus a year earlier, with overall production roughly 36% below the five-year average. TV production rose 34% in the quarter, but features (-20%) and commercials (-22%) declined. California’s tax-credit program aided statewide spend, which rose 5% to $1.33 billion as 170 projects earned credits, with subsidized titles accounting for about a third of feature shoot days. Mayor Karen Bass is pushing for an uncapped tax credit and broader eligible categories to revive LA’s production economy.

via The Hollywood Reporter|
#business#filming#filmla
EV Demand Rebounds, Signaling Stabilization After Tax Credit Phase-Out
business3 months ago

EV Demand Rebounds, Signaling Stabilization After Tax Credit Phase-Out

Cox Automotive data show U.S. EV sales rose 14.2% quarter-over-quarter to 247,226 in Q2 2026—the strongest quarter since the federal EV tax credit expired—though they remain about 20.5% lower year-over-year; Tesla led with 124,800 deliveries, Toyota posted a 225% YoY surge amid a refreshed lineup, and automakers are pushing more affordable EVs as charging networks expand and state incentives persist, signaling market stabilization after the post-credit shock.

via InsideEVs|
#auto-industry#business#ev
Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood
politics5 months ago

Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood

California gubernatorial frontrunner Steve Hilton proposes a sweeping film-tax-credit plan that could reach 60% for some productions, with no annual cap and eligibility expanded to post-production and above-the-line costs, plus a Governor’s Expediter role and a revamped California Film Commission to attract shoots back to the state—potentially a five-year kick-start funded by broader spending moves, and possibly supported by a federal credit; the plan targets competition from states like Georgia amid industry contraction and AI disruption, and Hilton cites Trump’s endorsement.

via The Hollywood Reporter|
#california#film-incentives#hilton
California Bets on The Simpsons Movie 2 with $21.9M Production Credit
entertainment5 months ago

California Bets on The Simpsons Movie 2 with $21.9M Production Credit

California’s expanded Film & TV Tax Credit program will grant The Simpsons Movie 2 a $21.9 million credit (35% of its qualified expenditures), as part of nearly $193 million in incentives for 38 films this year; the package marks animation’s first big share under the new rules, which doubled annual spending to $750 million, with other beneficiaries including Phineas and Ferb ($3.5 million) and a DreamWorks project ($24.7 million). The sequel is set for a July 23, 2027 release.

via Variety|
#animation#california#entertainment
CBS Eyes Local LA Cop Drama Flint With Matt LeBlanc
television6 months ago

CBS Eyes Local LA Cop Drama Flint With Matt LeBlanc

CBS is developing Flint, a Matt LeBlanc–starring cop drama that would be shot in Los Angeles, joining other CBS series filmed locally in a bid to boost LA production; the move comes as CBS executives push for expanded incentives—federal credits and California tax-credit improvements—along with above-the-line and post-production cost eligibility to revive Hollywood’s TV production base.

via Deadline|
#cbs#flint#los-angeles
House GOP Blocks Vote on Health Care Subsidy Extensions, Raising Premium Concerns
politics10 months ago

House GOP Blocks Vote on Health Care Subsidy Extensions, Raising Premium Concerns

The House will not vote this week on extending the ACA's enhanced premium subsidies, leading to frustration among moderate Republicans who warn of rising insurance costs for over 20 million Americans. An effort to include the extension in a GOP health plan was blocked, and despite calls for bipartisan action, no immediate solution is expected before the year's end.

via CBS News|
#gop#health-care#house
U.S. EV Market Faces Challenges as Tax Credits End and Prices Rise
business11 months ago

U.S. EV Market Faces Challenges as Tax Credits End and Prices Rise

Ford's U.S. electric vehicle sales dropped 25% in October after the end of the federal tax credit, signaling a challenging year for EV sales, although overall vehicle sales increased slightly. Ford's stock declined modestly, but the company remains resilient due to its traditional auto sales and better-than-expected tariff impacts. EV makers like Rivian and Lucid also saw declines, reflecting broader market concerns about EV demand.

via Barron's|
#business#electric-vehicles#ev-sales