This bill amends federal tax law to provide financial incentives for film and television production by extending and expanding a tax benefit called bonus depreciation. Specifically, it allows qualified film and television productions to claim 100 percent bonus depreciation on their equipment and production costs from 2026 through 2035, extending the current benefit by eight years. To qualify for this tax break, productions must spend at least $500,000 in a single state (or $100,000 for educational videos and digital media), creating a requirement that production spending be concentrated within one location. The bill is designed to encourage filmmakers and production companies to conduct their work in Texas and other U.S. states by making it more financially attractive to invest in domestic production. The tax incentive provisions take effect for equipment and property placed in service after December 31, 2025.
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