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Congress Drafts 20% Film Tax Credit, Up to 30%

9/9/2026

20 3 Full Breakdown

Summary

Story summary

Congress is drafting a federal film and TV tax credit that provides a 20% base and up to 30% bonuses.
U.S. President Donald Trump endorsed the plan on Aug. 31 and urged Republican support.
The credit covers 20% of labor costs and two 5% uplifts can raise it to 30%.
The Joint Committee on Taxation expects a billions-dollar cost, noting the credit stacks with state incentives for 60% total subsidies.

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Story summary

Congress is drafting a federal film and TV tax credit that provides a 20% base and up to 30% bonuses.
U.S. President Donald Trump endorsed the plan on Aug. 31 and urged Republican support.
The credit covers 20% of labor costs and two 5% uplifts can raise it to 30%.
The Joint Committee on Taxation expects a billions-dollar cost, noting the credit stacks with state incentives for 60% total subsidies.