Lawmakers Unveil 20%-30% U.S. Film Incentive in Bid to Restore Hollywood Production

By Gene Maddaus

Gene Maddaus

Senior Media Writer

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A bipartisan group of lawmakers unveiled federal legislation Thursday that would create a 20%-30% U.S. film incentive, in a bid to secure American dominance in entertainment production.

The incentive would stack on top of state tax credits, combining to create the world’s most generous subsidies for film and TV.

“If it passes and it stacks clean, shooting in Georgia or California or New York is the best deal on the planet,” said Joe Chianese, senior vice president for incentives at Entertainment Partners. “Nothing overseas comes close.”

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