Dissecting the Bill That Could Transform Hollywood, With Its Co-Author

A new federal 20-30% film/TV production tax credit, if passed, could reshape where Hollywood studios shoot and could reward California's Paramount settlement terms.

• The bill's mechanics: A federal bill introduced today offers a 20% tax credit on labor expenses for qualifying film/TV productions, stackable up to 30% via bonuses for disaster-area filming (all of L.A. for 5 years post-fires), rural shoots, indie producers (+5%), or studios repatriating overseas work (+5%).
• Above-the-line included: Unlike California's capped credit, the federal credit covers star salaries and includes post-production and VFX labor as standalone eligible expenses; credits are transferable.

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