SCREEN Act
Sponsored By: Representative Tenney, Claudia [R-NY-24]
Introduced
Summary
A 30% tax credit for qualified movie theater revitalization costs would encourage upgrades to U.S. movie theaters. The credit is capped by theater size, can be transferred, and ends for amounts paid after December 31, 2030.
Show full summary
- Movie theater owners and operators would be able to claim 30% of eligible renovation spending for each qualified theater.
- Per-theater caps scale with size, from about $250,000 for the smallest venues up to $500,000 for the largest.
- The credit would be added to the general business credit rules and made transferable so taxpayers could assign or sell it. Claimants must reduce the tax basis of the renovated property by the credit amount.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tax credit for movie theater owners
If you own or operate a U.S. movie theater, you would be able to claim a tax credit equal to 30% of qualifying renovation or equipment spending for each theater. The credit per theater is limited by a cap: $250,000 for fewer than 4 screens, $375,000 for 4–9 screens, and $500,000 for 10 or more screens; the cap is reduced by any credits previously claimed for that theater. Qualifying spending is for tangible depreciable property whose original use begins with the taxpayer in the taxable year, used at a theater that was in service the prior five years and is expected to be used the next five years. You would have to reduce the property's tax basis by the credit amount, and the credit would be transferable and treated as a general business credit. The credit would apply only to amounts paid or incurred after enactment and would end for amounts paid after December 31, 2030.
Sponsors & CoSponsors
Sponsor
Tenney, Claudia [R-NY-24]
NY • R
Cosponsors
Rep. Kustoff, David [R-TN-8]
TN • R
Sponsored 7/23/2026
Rep. Carey, Mike [R-OH-15]
OH • R
Sponsored 7/23/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov