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Dreier Introduces Legislation to Boost Jobs in Film and Television Production Industry

WASHINGTON, DC - Congressman David Dreier (R-San Dimas) introduced bipartisan legislation this week to permanently extend a tax provision that he authored in 2004 to help keep film and television production here in the U.S. The tax provision, known as Section 181, creates a tax incentive for filming and producing in the U.S., with an increased incentive for productions in low-income and disadvantaged communities. H.R. 2720 would make Section 181 permanent.

“The film and television industry is not only a great source of jobs and exports for our economy, it showcases American culture around the world,” Dreier said. “Unfortunately, production has long been moving abroad. Our communities should be able to benefit from the economic stimulus and job creation that occurs when a film crew comes to town. From technicians and extras to the hotels and restaurants that serve them, film and television productions can provide a significant boost to local economies.”

Continued Dreier, “I was proud to author this tax incentive six years ago to help keep these productions here at home, and I am proud to be introducing this legislation to permanently extend this important tax benefit.”

Section 181 allows production companies to deduct the cost of qualified U.S. productions immediately, rather than capitalizing the costs and deducting them slowly over time. This deduction is limited to those productions where at least 75% of the total compensation paid for the production is for services performed in the U.S. by actors, directors, producers and other production personnel. The deduction applies to the first $15 million ($20 million for productions in low-income or disadvantaged communities) of a qualified film or television production.

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