MPA Projects Federal Film Incentive Would Double U.S. Production and Create 143,500 Jobs
The Motion Picture Association issued a report on Tuesday estimating that U.S. film and TV production would double by 2032 if Congress passes a federal film incentive. The report, prepared by Olsberg SPI, also projects that a 20% federal credit would create about 143,500 production jobs per year. The MPA is working with a coalition […]
The Motion Picture Association (MPA) and its coalition of industry stakeholders, including Hollywood unions and Oscar-winning actor Jon Voight, argue that a federal film tax incentive could double annual U.S. production spending by 2035. The proposed incentive would involve transferable tax credits at a rate of 20% on qualified labor expenditures, benefiting over 143,000 jobs annually.
This coalition, spearheaded by Reps. Brian Jack (R-GA) and Laura Friedman (D-CA), aims to secure bipartisan support for the proposal, with potential passage occurring in the lame duck session following the November midterm elections.
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