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Hotel and travel groups back 20% U.S. film production tax credit
Hotel and travel trade groups have endorsed a 20% federal tax credit for U.S. film and TV labor, arguing domestic shoots bring tourism, Variety reported Friday.
- New headline Was: “Hotel and Travel Industry Groups Back U.S. Film Incentive as Tourism Draw”
- Our desk filed its story
Hotel and travel trade groups have endorsed a proposed 20% federal tax credit for film and television labor in the United States, saying domestic production fills rooms and later draws visitors, Variety reported Friday1.
The American Hotel & Lodging Association and the U.S. Travel Association joined film-industry advocates backing the Motion Picture, Television, and Entertainment Revitalization Act, introduced last month by a bipartisan group of lawmakers1. The groups represent airlines, ticketing sites, hotels and resorts, including Disney and Universal theme parks, according to Variety1.
The bill would create a 20% tax credit for labor on U.S. film and TV productions, with 5% bonuses for independent film and for filming in rural areas and disaster zones, Variety said1. The House version had 52 sponsors and the Senate version 10, concentrated in filming states including California, Pennsylvania, New York, New Jersey, Illinois and Georgia1.
The House bill was referred to the Ways and Means Committee and the Senate bill to the Finance Committee1. Supporters hope to pass it in the lame-duck session that begins a week after the midterm election, Variety reported1. Other backers listed include the Motion Picture Association, the Independent Film and Television Alliance and Hollywood unions1.
