Cinapse newsletter on a federal production tax credit

Industry update How a federal production tax credit would work Film and television production is a global industry, with countries around the world competing to attract projects, create jobs, and support local economies. A bipartisan bill now before Congress, the Motion Picture, Television, and Entertainment Revitalization Act, would establish a 20% federal tax credit for productions filmed in the U.S. Here’s what the legislation would do, why it matters, and how you can contact your representatives to make your voice heard before Congress acts. Read the full post on our blog → The bill What it would do ✓ A 20% federal tax credit on U.S. cast and crew labor, up to 30% with bonuses for rural areas, independent productions, and more. ✓ Productions over $1M qualify by shooting at least 75% of their days in the U.S. ✓ Works alongside existing state incentives, and productions can sell the credit if they can't use it. The MPA estimates a federal incentive could double U.S. production spending by 2032 and create more than 143,000 jobs. On Production podcast Hear it from the MPA Josh Rogin, Senior Vice President of Federal Government Affairs at the Motion Picture Association, joined Wrapbook co-founder Cameron Woodward to walk through the bill: how the bonus credits work, how it stacks with state incentives, and what it could mean for crews and small vendors. Listen to the episode Or read the summary on the Wrapbook blog Get involved Make a 60-second call Want to make your voice heard? As someone who works in the industry, your perspective carries real weight with lawmakers. Here’s how to take action: 1 Find your lawmakers. Look up your U.S. Representative and your two Senators by ZIP code or state. 2 Call their office. Use the number on their site, or call the U.S. Capitol switchboard at (202) 224-3121 and ask to be connected. 3 Use the script below, and make it yours. A sentence about your own work lands better than a form letter. You'll usually speak with a staffer or leave a voicemail. Both count. Call script “Hi, my name is [your name] and I’m a constituent from [city, ZIP]. I work in film and TV production as a [your role]. [One sentence about how production work affects you and your community.] Since 1999, the U.S. share of film production spending has fallen from 74% to 42%, and television from 94% to 64%, as shoots move to countries with stronger incentives. I’m asking [Representative / Senator name] to cosponsor and vote for H.R. 10582 / S. 5552, the Motion Picture, Television, and Entertainment Revitalization Act. We need this incentive to stay competitive and to keep one of America’s greatest industries alive and based in the U.S. Thank you.” Find your Representatives Find your Senators Lawmaker already backing the bill? Call to thank them. Prefer to write? Use your lawmaker's contact form, or find letter templates at usfilmandtv.org. The future of our industry is worth speaking up for. Thank you for the work you do every day, and for making your voice heard. Herman Phillips Founder, Director & General Manager This is proposed legislation and has not passed. Details may change as it moves through Congress. Login · Resources · Help Center Cinapse 228 Park Ave. S. #36206 New York, NY 10003 USA · support@cinapse.io Unsubscribe from these messages