Trump backs a federal film tax credit

Congress Begins Drafting 20% Federal Film Incentive With Trump’s Blessing

Members of Congress are preparing to introduce a 20% tax incentive - with bonuses up to 30% -- for U.S.-based film production.

Trump backs a federal film tax credit

LOS ANGELES — For years, Hollywood has talked about a federal film and television tax credit that could help the industry combat the growing number of productions fleeing overseas.

Sources: several lawmakers are drafting a 20% federal tax credit for US film and TV production that could offset producers' taxes or be sold to other taxpayers (Gene Maddaus/Variety)

Gene Maddaus / Variety: Sources: several lawmakers are drafting a 20% federal tax credit for US film and TV production that could offset producers' taxes or be sold to other taxpayers  —  Members of Congress are drafting legislation that would create a 20% federal film and TV incentive — with bonuses that could bring …