{"id":464717,"date":"2026-09-15T18:40:09","date_gmt":"2026-09-15T18:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/464717\/"},"modified":"2026-09-15T18:40:09","modified_gmt":"2026-09-15T18:40:09","slug":"a-federal-tax-credit-could-add-143000-film-and-tv-jobs-study-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/464717\/","title":{"rendered":"A federal tax credit could add 143,000 film and TV jobs, study says"},"content":{"rendered":"\n

A federal film and television tax credit could boost U.S. production spending by $125 billion and add more than 143,000 jobs by 2035, according to a study commissioned by the Motion Picture Assn.<\/p>\n

The analysis, released Tuesday morning, is expected to bolster Hollywood\u2019s push for a federal production incentive, which the industry says is necessary to compete<\/a> with the generous credits offered abroad. Sixty-five nations now offer them, the study said.<\/p>\n

A coalition that includes the Motion Picture Assn., industry unions, producers\u2019 groups and small production businesses, along with Democratic and Republican lawmakers, pressed the case at a virtual news conference Tuesday.<\/p>\n

\u201cThousands upon thousands of our people are out of work \u2014 out of the work they love \u2014 and are struggling to find ways to put food on the table for their families,\u201d said actor Jon Voight, one of President Trump\u2019s Hollywood ambassadors who has played a key role in bringing the issue to the White House. \u201cIt\u2019s a very serious situation, and it breaks my heart.\u201d<\/p>\n

The effort has been quietly building for more than a year. It got a major boost last month when Trump posted on Truth Social<\/a> backing a proposed credit, a move he said came after he spoke with Voight.<\/p>\n

Details are still being worked out, but the study assumed a transferable credit with a minimum rate of 20% on qualified spending for U.S. resident labor \u2014 broadly what industry groups have supported. It also assumed add-ons of 5% for independent production companies and 5% for labor costs in areas the Federal Emergency Management Agency has declared disasters.<\/p>\n

\u201cFilm and television production doesn\u2019t come with a red or blue label,\u201d Charles Rivkin, chairman and chief executive of the Motion Picture Assn., said during Tuesday\u2019s news conference. \u201cBy enacting a federal production incentive, we have the chance to supercharge the next generation of U.S. creativity and strengthen our economy in a lasting way.\u201d<\/p>\n

If the incentive took effect Jan. 1, 2027, U.S. production spending would reach $277.5 billion through 2035, the study said, compared with $152.2 billion without it. The study estimated that U.S. film and TV production levels could also climb to 65% by 2035, though without an incentive, TV production could drop to 29%, while film could decrease to 25%.<\/p>\n

\u201cThe ball is rolling right now because we have seen so much production leave the U.S., and we see what that leaves behind,\u201d Rep. Laura Friedman (D-Glendale) said during the news conference. \u201cWe know how to bring these jobs back. It\u2019s not rocket science.\u201d<\/p>\n

Friedman and Rep. Brian Jack (R-Ga.) are leading a bipartisan push for the incentive. A bill still needs to be drafted and then will wind its way through the Ways and Means Committee in the House of Representatives.<\/p>\n

\u201cWe just need to be competitive,\u201d Rivkin said. \u201cWe want to get it right, and we want to make sure this bill makes sense. So we\u2019re going to take the time needed to do that, but we want to get it done. We want to get it done quickly.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A federal film and television tax credit could boost U.S. production spending by $125 billion and add more…\n","protected":false},"author":2,"featured_media":464718,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[599,1507,74967,146148,66060,1924,183009,21403,102556,48,52,51,139747,1637,47,50,49,183007,4743,183008,183010],"class_list":["post-464717","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-area","tag-chairman","tag-federal-emergency-management-agency","tag-federal-production-incentive","tag-federal-tax-credit","tag-film","tag-generous-credit","tag-industry","tag-industry-group","tag-la","tag-la-headlines","tag-la-news","tag-labor-cost","tag-life","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-motion-picture-assn","tag-study","tag-tv-job","tag-u-s-production-spending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/464717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=464717"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/464717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/464718"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=464717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=464717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=464717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}