A senate committee must act next: committee consideration.
Legislative Progress
Senate
House
President
Law
Could go either way
The bill has strong bipartisan support from two well known senators and targets an industry that both parties often support for job creation.
Key Points
This bill helps movie and TV creators by letting them deduct more of their production costs from their taxes right away. It doubles the current limit from $15 million to $30 million for most projects.
If a production is filmed in a low income area or a struggling community, the tax deduction limit jumps from $20 million to $40 million. This is meant to encourage studios to bring jobs to places that need them most.
The bill keeps these tax benefits around for a lot longer. Instead of ending in 2025, the program would continue until the end of 2030.
Starting in 2027, the dollar limits for these tax breaks will go up automatically each year to keep up with inflation. This ensures the benefit stays useful as the cost of making shows and movies rises.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jul 30, 2025Senate
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jul 30, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
