Bills · HR 4787
IN COMMITTEE· 119TH CONGRESS
House BillHR 4787Taxation
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.
INTRO JUL 29· LAST ACTION JUL 29
READING
2MIN
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly impacts the economics of film, television, and live theater production in the United States. By extending and increasing these tax deductions, the bill aims to keep more entertainment productions within the U.S. rather than having them move overseas where similar incentives might exist. This could lead to more jobs in the entertainment sector, support creative industries, and boost local economies that benefit from production spending.
If this bill doesn't become law, the existing tax deduction would expire at the end of 2025. This expiration could potentially make it more expensive to produce films, TV shows, and plays domestically, possibly leading to fewer productions being filmed in the U.S. or reducing investment in American entertainment projects. Passing this bill provides stability and increased financial incentives for the industry, potentially influencing the quantity and location of future productions.
KEY PROVISIONS
4AI-extractedPROVISION 01
Extends the tax deduction for film, television, and live theatrical productions from its current expiration date of December 31, 2025, to December 31, 2030.
Keeps a significant tax incentive in place for an additional five years, providing stability for the entertainment industry.
PROVISION 02
Increases the general maximum amount of production costs that can be deducted for a single film, television, or live theatrical production to $30,000,000.
Allows larger productions to qualify for the deduction on a greater portion of their expenses, making the incentive more impactful for big-budget projects.
PROVISION 03
Raises the higher dollar limit for productions made in certain economically designated areas from $30,000,000 to $40,000,000, and adjusts another related threshold from $15,000,000 to $20,000,000.
Further incentivizes productions to occur in specific designated regions, potentially stimulating their local economies.
PROVISION 04
Adds a new provision to automatically adjust the dollar limitations for inflation each year, starting with taxable years beginning after 2026.
Ensures the value of the deduction keeps pace with rising production costs over time without needing new legislation.
SPONSORSHIP
1 + 0
D· California
YRS IN OFFICE
17
BILLS LED
42
ACTION TIMELINE
2 EVENTSJUL 29
Introduced in House
JUL 29
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 4787
Congress119th
StatusIn Committee
IntroducedJul 29, 2025
Last actionJul 29, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JUL 29, 2025
House BillHR 4787Taxation
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.
INTRODUCED JUL 29, 2025· LAST ACTION JUL 29, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
