A bipartisan group of lawmakers has proposed new federal tax incentives aimed at boosting domestic film and television production by offsetting labor costs. The measure would provide up to 20 percent in credits for eligible productions, with potential expansions to 30 percent under certain conditions, as part of efforts to prevent job losses to overseas markets. Supporters argue the policy could strengthen the U.S. entertainment industry while creating high-paying jobs at home. The legislation marks a rare cross-party effort to address competition in the global media sector.
A bipartisan group of lawmakers introduced legislation Thursday that would create a federal tax incentive for film and television productions made in the U.S. in an effort to keep entertainment jobs from moving overseas. The incentive covers 20 percent of eligible domestic labor costs, with additional credits that could raise to as much as 30...
