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HR10582119th CongressWALLET
Motion Picture, Television, and Entertainment Revitalization Act
Sponsored By: Representative Moran, Nathaniel [R-TX-1]
Introduced
Summary
Creates a new American film and television production tax credit that would push more shooting, visual effects, and post production work to the United States. The credit would be part of the general business credit, be transferable, and start at 20 percent with room to reach 30 percent through specific domestic and production-type boosts.
Show full summary
- Producers and independent makers: Feature films, TV pilots, and TV seasons that cost more than $1 million and have at least 75 percent of principal photography days in the U.S. could qualify. The credit is a percentage of qualified U.S. compensation and the baseline 20 percent can rise by +5 points for independent status and other production-focused tests.
- Workers and post-production firms: Qualified compensation covers U.S. pay for actors, writers, directors, camera operators, editors, visual-effects providers, and many crew roles. Visual effects and post-production have special rules and separate incentives that focus on U.S. VFX labor.
- States and locations: The bill adds location bonuses to steer shoots to particular places, including a +5 percentage point boost when at least 30 percent of shoot days occur in a rural qualified opportunity zone or in a federally declared disaster area. A separate +5 boost rewards multi‑State producers that meet a $10 million in‑State compensation test across 10 or more States.
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 2 benefits, 2 costs, 1 mixed.
New U.S. film and TV tax credit
This bill would create a new American film and television production tax credit. The credit would equal an applicable percentage times qualified compensation. The baseline percentage would be 20 percent and certain tests would add +5 percentage points, but the credit could not exceed 30 percent. The credit would be treated as part of the general business credit and would be eligible for the credit-transfer election. The credit would apply to productions whose principal photography starts in tax years after December 31, 2026.
Rules for post-production and visual effects jobs
This bill would create special rules so post-production and visual-effects work done in the United States can qualify. Only U.S.-performed traditional post-production or visual-effects pay would count for those projects. A post-production project must incur at least 75% of traditional post costs in the United States. Qualified visual-effects work could get an extra +5 percentage points if specified U.S.-pay thresholds are met.
Reduce tax basis when credit claimed
This bill would require a dollar-for-dollar reduction in the tax basis of property tied to any production for which you claim the credit. That reduction would lower future depreciation deductions and could raise future taxable gains when assets are sold.
Which productions and pay qualify
This bill would set who and what can claim the credit. A qualified production would be a feature film, TV pilot, or TV season costing more than $1,000,000, finished in the tax year, with at least 75% of principal photography days in the United States. The bill would exclude talk shows, news, live sports, radio, most ads, social-media content, fundraising videos, productions requiring 18 U.S.C. 2257 performer records, and similar items. "Qualified compensation" would be pay for services performed in the United States that is chargeable to capital, including employees and contractors but excluding participations and residuals. For animated projects the U.S. share would be measured by the ratio of U.S. animation costs to total animation costs.
IRS rules, reporting, and records
The bill would require the Treasury Secretary to issue rules and guidance to run the credit. The IRS would be able to require reporting on principal photography dates and locations and on qualified compensation. The IRS would set rules to substantiate indirect payments and to determine who owns the credit.
Sponsors & CoSponsors
Sponsor
Moran, Nathaniel [R-TX-1]
TX • R
Cosponsors
Rep. Miller, Carol D. [R-WV-1]
WV • R
Sponsored 10/15/2026
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 10/15/2026
Rep. Tenney, Claudia [R-NY-24]
NY • R
Sponsored 10/15/2026
Rep. Boyle, Brendan F. [D-PA-2]
PA • D
Sponsored 10/15/2026
Rep. Stutzman, Marlin A. [R-IN-3]
IN • R
Sponsored 10/15/2026
Rep. Cisneros, Gilbert Ray [D-CA-31]
CA • D
Sponsored 10/15/2026
Rep. Alford, Mark [R-MO-4]
MO • R
Sponsored 10/15/2026
Rep. Kamlager-Dove, Sydney [D-CA-37]
CA • D
Sponsored 10/15/2026
Rep. Issa, Darrell [R-CA-48]
CA • R
Sponsored 10/15/2026
Rep. Elfreth, Sarah [D-MD-3]
MD • D
Sponsored 10/15/2026
Rep. Garbarino, Andrew R. [R-NY-2]
NY • R
Sponsored 10/15/2026
Rep. Waters, Maxine [D-CA-43]
CA • D
Sponsored 10/15/2026
Rep. Kean, Thomas H. [R-NJ-7]
NJ • R
Sponsored 10/15/2026
Rep. Rivas, Luz M. [D-CA-29]
CA • D
Sponsored 10/15/2026
Rep. Fitzgerald, Scott [R-WI-5]
WI • R
Sponsored 10/15/2026
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 10/15/2026
Rep. Joyce, John [R-PA-13]
PA • R
Sponsored 10/15/2026
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 10/15/2026
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 10/15/2026
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 10/15/2026
Rep. Wagner, Ann [R-MO-2]
MO • R
Sponsored 10/22/2026
Rep. Davis, Danny K. [D-IL-7]
IL • D
Sponsored 10/22/2026
Rep. Reschenthaler, Guy [R-PA-14]
PA • R
Sponsored 10/22/2026
Rep. Budzinski, Nikki [D-IL-13]
IL • D
Sponsored 10/22/2026
Rep. Goldman, Craig A. [R-TX-12]
TX • R
Sponsored 10/22/2026
Rep. Krishnamoorthi, Raja [D-IL-8]
IL • D
Sponsored 10/22/2026
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 9/24/2026
Rep. Jack, Brian [R-GA-3]
GA • R
Sponsored 9/24/2026
Rep. Friedman, Laura [D-CA-30]
CA • D
Sponsored 9/24/2026
Rep. Kustoff, David [R-TN-8]
TN • R
Sponsored 9/24/2026
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 9/24/2026
Rep. Carey, Mike [R-OH-15]
OH • R
Sponsored 9/24/2026
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 9/24/2026
Rep. Fong, Vince [R-CA-20]
CA • R
Sponsored 9/28/2026
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 9/28/2026
Rep. Moore, Blake D. [R-UT-1]
UT • R
Sponsored 10/1/2026
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 10/1/2026
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 10/1/2026
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 10/1/2026
Rep. Carter, Earl L. "Buddy" [R-GA-1]
GA • R
Sponsored 10/5/2026
Rep. Whitesides, George [D-CA-27]
CA • D
Sponsored 10/5/2026
Rep. Barr, Andy [R-KY-6]
KY • R
Sponsored 10/9/2026
Rep. Stansbury, Melanie A. [D-NM-1]
NM • D
Sponsored 10/9/2026
Rep. Rouzer, David [R-NC-7]
NC • R
Sponsored 10/9/2026
Rep. Pou, Nellie [D-NJ-9]
NJ • D
Sponsored 10/9/2026
Rep. Miller-Meeks, Mariannette [R-IA-1]
IA • R
Sponsored 10/9/2026
Rep. Min, Dave [D-CA-47]
CA • D
Sponsored 10/9/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov