Federal Film and TV Tax Credit Hits Congress: Bipartisan Group Introduces Hollywood Bill

A bipartisan group has introduced a federal tax credit bill in Congress targeting film and TV productions. This proposed incentive offers up to 30% for shoots and allows the federal credit to be stacked on top of existing state tax incentives. This structure mirrors current systems utilized in Canada and Australia. Industry observers suggest that this significant policy request for Hollywood could potentially be passed by Congress before the end of the current calendar year.