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To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.
To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.
Summary
This bill extends the tax deduction for film and television productions through December 31, 2030, and increases the maximum deductible costs from $15 million to $30 million for most productions. For productions in certain geographic areas, the bill raises the higher dollar limitation from $20 million to $40 million. The bill also establishes an annual inflation adjustment mechanism beginning in 2026 to adjust the dollar amounts for cost-of-living increases, rounded to the nearest $1,000. These changes apply to film and television productions, as well as qualified live theatrical productions, that commence after the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Chu, Judy [D-CA-28] (D-CA)
Money behind the sponsor
Top reported contributors to Judy Chu’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $39,775
- MEBO INTERNATIONAL $13,200
- GARFIELD HEALTH CENTER $12,800
- APEX GLOBAL GROUPS INC $9,900
- EDI MEDIA $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Judy Chu → · Outside spending →
Actions (2)
- Jul 29, 2025 Referred to the House Committee on Ways and Means. · house
- Jul 29, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
July 29, 2025
Ms. Chu introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. FILM AND TELEVISION PRODUCTION DEDUCTION AMENDMENTS.
(a) Extension.—Section 181(g) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2025” and inserting “December 31, 2030”.
(b) Increase in Dollar Limitation.—Section 181(a)(2)(A) of such Code is amended to read as follows:
“(A) In general.—Paragraph (1) shall not apply to so much of the aggregate cost of any qualified film or television production or any qualified live theatrical production as exceeds $30,000,000.”.
(c) Higher Dollar Limitation for Productions in Certain Areas.— Section 181(a)(2)(B) of such Code is amended in the matter following clause (ii) by striking “substituting ‘$20,000,000’ for ‘$15,000,000”’ and inserting “substituting ‘$40,000,000’ for ‘$30,000,000”’.
(d) Inflation Adjustment.—Section 181(a)(2) of such Code is amended by adding at the end the following new subparagraph:
“(C) Inflation adjustment.—
“(i) In general.—In the case of any taxable year beginning in a calendar year after 2026, each dollar amount in subparagraph (A) or
(B) shall be increased by an amount equal to—
“(I) such dollar amount, multiplied by
“(II) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2025’ for ‘calendar year 2016’ in subparagraph
(A)(ii) thereof.
“(ii) Rounding.—Any increase determined under clause (i) shall be rounded to the nearest multiple of $1,000.”.
(e) Effective Date.—The amendments made by this section shall apply to productions commencing after the date of the enactment of this Act. <all>
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