Federal Film Tax Credit Could Add $125B in Production Spending, Study Says
The coalition says the proposal could add $249.1 billion in economic value and support 143,500 jobs a year through 2035.
- On Tuesday, the Motion Picture Association and a broad industry coalition released a study advocating for a 20% federal tax credit to curb runaway production and bolster the domestic film and television sector.
- Facing competition from 65 nations with existing incentives, the United States has seen its global production share decline to 25% for film and 29% for television by 2035 without federal intervention.
- Researchers estimate the incentive could generate $125.3 billion in additional U.S. production spending through 2035 and support an average of 143,500 full-time equivalent jobs annually across the country.
- President Trump endorsed the proposal last month following discussions with Special Ambassador Jon Voight, while Representatives Laura Friedman , Brian Jack , and Nathaniel Moran work to draft bipartisan legislation.
- Despite broad industry support, the Wall Street Journal editorial board criticized the idea as providing "handouts for Hollywood," and the economic model assumes other countries will not increase their own incentives.
12 Articles
12 Articles
Congress and Hollywood tout economic study in push for federal film tax credit
Members of Congress and leaders within Hollywood are using a newly published economic study to bolster their arguments for a federal tax credit that would incentivize film and television productions in the United States. The study, conducted by Olsberg SPI on behalf of the Motion Picture Association, found that a federal film and television tax […]
Federal Film Tax Credit Could Add $125B in Production Spending, Study Says
A proposed federal tax credit for film and television production could generate an additional $125.3 billion in U.S. production spending and support an average of 143,500 full-time-equivalent jobs annually through 2035, according to an industry-commissioned study released Tuesday. The Motion Picture Association commissioned global screen-sector consulting firm Olsberg SPI to examine the potential economic effects […]
A Federal Tax Incentive for Filming Could Bring in Extra $125 Billion in Production Spend — and Impact Without It Could Be Devastating
An MPA-commissioned study estimated 143,500 new jobs added through 2035 if President Trump puts in place filming incentives on a federal level.
Industry Unites Behind U.S. Production Incentive As New Study Predicts Windfall In Jobs And Spending
Film and television studios, unions, guilds, film commissioners and entertainment industry groups have launched the U.S. Film & TV Production Coalition, a united front as a U.S production incentive begins to take shape. The group launched Tuesday along with a new study by consultancy Olsberg SPI commissioned by the Motion Picture Association laying out substantial economic benefits through 2035 of a hoped for 20% federal tax credit that could b…
Federal Film Tax Incentive Would Double Annual US Production Spending by 2035, MPA Study Says
The Motion Picture Association has released a new commissioned study by Olsberg-SPI that argues that production spending in the United States could double by 2035.
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