Proposed Federal Bill Would Offer 20% Film and TV Tax Credit
publishers 5articles 5first reported 24 Sep, 15:15 UTCdeveloping since 24 Sep · 4 editions
A proposed federal bill would provide a 20% tax credit for film and television production, according to the Los Angeles Times. Deadline reported that the incentive would also cover unscripted series, prompting a positive response from reality television producers.
The International Alliance of Theatrical Stage Employees praised the introduction of the Motion Picture, Television, and Entertainment Revitalization Act and urged lawmakers to pass it quickly. The New York Times reported that the prospect of federal funding was also welcomed by a Hollywood industry worn down by recent difficulties.
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Written from 4 articles, headlines and summaries only; 4 independent newsrooms once syndicated copies count as one; this version written 5 h after the record first saw the story; the editor kept it as written.
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