Lawmakers worked together to introduce a bill Sept. 24 aimed at bringing film production back to the United States by establishing a 20 percent base tax credit for movies, television, and visual effects projects.
The Motion Picture, Television, and Entertainment Revitalization Act was introduced in the U.S. Senate and House after President Donald Trump’s call for Congress to establish a federal incentive to compete with international production markets.
“We cannot stand by as more and more American film production moves overseas, taking jobs, investment, and an important source of American cultural influence with it,” said bill co-sponsor Sen. Tim Scott (R-S.C.) said in a statement. “This legislation will create jobs in communities across America, support local economies, and help ensure that the next generation of iconic American films is made right here in America.”…