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S. 5552: Motion Picture, Television, and Entertainment Revitalization Act

119th Congress · introduced 2026-09-24 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

What does this mean?

Official title

Motion Picture, Television, and Entertainment Revitalization Act

Plain summary

Motion Picture, Television, and Entertainment Revitalization Act This bill establishes a federal business tax credit for a percentage of the compensation paid for services performed in the United States related to a qualified film or television production. (Conditions and exceptions apply.) The bill defines a qualified film or television production as any production that is a feature film, television pilot, or television season; produced in the ordinary course of business for commercial purposes; capitalized; completed during the tax year with more than $1 million in total costs; and filmed in the United States for 75% of the photography days. Under the bill, various types of programming are not a qualified film or television production, including news programs, live sporting events, and programming intended primarily for social media platforms. The amount of the tax credit is 20% (base tax credit percentage) of the compensation paid for services performed in the United States related to a qualified film or television production. The base tax credit percentage increases by increments of 5% (up to a maximum tax credit percentage of 30%) if at least 30% of the production is filmed in a federally declared disaster area or rural qualified opportunity zone, the production is independently produced, or the production meets certain multi-state or increased domestic production requirements. Special rules apply to animations, visual effects productions, and post-production activities. Finally, the tax credit may be transferred to an unrelated third party in exchange for cash.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Motion Picture, Television, and Entertainment Revitalization Act

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Scott, Tim [R-SC] · 9 cosponsors

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Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-s5552 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills