Congress Weighs Film Tax Credits to Bring TV and Movie Jobs Back to the US
Updated
Updated · Fox News · Oct 11
Congress Weighs Film Tax Credits to Bring TV and Movie Jobs Back to the US
2 articles · Updated · Fox News · Oct 11
Summary
A bipartisan bill in Congress would create federal tax credits for film and TV productions shot in the U.S., with extra incentives for projects in rural opportunity zones.
Lawmakers say the measure responds to years of production flight to Canada and Europe, where friendlier tax regimes have pulled away thousands of U.S. entertainment jobs.
Rep. Nathaniel Moran is leading the House push, while Sen. Adam Schiff and Sen. Tim Scott are backing it in the Senate, giving President Donald Trump's call unusual cross-party support.
The proposal could be folded into a year-end bipartisan tax package, but its path is tight as Congress nears the end of its term and post-election lame-duck negotiations loom.