Bill > HR3844

This bill, called the "Texas is the New Hollywood Act of 2025", amends the Internal Revenue Code to extend and enhance tax benefits for film and television productions. Specifically, the bill extends bonus depreciation (a tax deduction that allows businesses to write off the cost of certain assets more quickly) for qualified film and television productions until January 1, 2035. The legislation establishes minimum in-state spending requirements for productions to qualify: at least $100,000 in one state for educational videos or digital interactive media, and at least $500,000 in one state for other film or television productions. For qualified productions placed in service between December 31, 2025, and January 1, 2036, the bill allows a 100% depreciation rate, which means production companies can immediately deduct the full cost of their qualifying assets in the year they are put into use. This provision is designed to incentivize film and television production by providing significant tax benefits, potentially attracting more media production to states willing to meet the spending thresholds.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3844/all-info