US Congress drafting 20% federal film and TV tax credit, stackable with state incentives

Bipartisan lawmakers led by Reps. Moran (R-TX) and Sanchez (D-CA) are drafting a 20% federal tax credit on film and TV production labour, with uplifts to 30%. It would stack on state incentives, potentially covering 60% of costs. The bill is expected this month. Trump endorsed the idea on 31 August. No cost score yet. Per Variety, 8 September 2026.