Con­gress intro­duces bipar­ti­san leg­is­la­tion cre­at­ing nation­al film tax cred­it

Law­mak­ers in both cham­bers of Con­gress intro­duced bipar­ti­san leg­is­la­tion on Thurs­day to cre­ate a nation­al film tax cred­it that would incen­tivize Hol­ly­wood pro­duc­tions to stay in the Unit­ed States.
The bill, called the Motion Pic­ture, Tele­vi­sion, and Enter­tain­ment Revi­tal­iza­tion Act, has been a long time in the mak­ing and comes at a time when film and tele­vi­sion pro­duc­tions have been increas­ing­ly flee­ing the U.S. for for­eign coun­tries with com­pet­i­tive tax incen­tives.

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