Bill proposes first US-wide 20%-30% labour tax credit for film and TV

Congress could create the first nationwide 20%-30% transferable tax credit, meaning it can be sold on, on US labour costs for film and TV, Variety reported. The bill was introduced last month. Sen. Adam Schiff and eight House Democrats campaigned Tuesday in Glendale to pass it by year-end, arguing 65 countries lure shoots overseas. Twelve senators back it.