Bill · H.R. 3844· House(119-HR-3844)
Texas is the New Hollywood Act of 2025
- Introduced
- 6/9/2025
- Last activity
- 6/9/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Tony Gonzales
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Texas is the New Hollywood Act of 2025," aims to amend the Internal Revenue Code of 1986. It seeks to extend bonus depreciation specifically for qualified film and television productions. To qualify, these productions must meet certain spending thresholds within a single state. The legislation also adjusts the applicable percentage for these productions. These changes would apply to property placed in service after December 31, 2025.
Yes· 3 of 4
Would business owners be better off under this?+6
The extension of bonus depreciation provides substantial tax advantages for businesses in the film and television industry.
Would high-income households be better off under this?+5
The bill provides significant tax depreciation benefits that primarily favor higher-revenue production companies.
Is this likely to create jobs?+5
The tax incentives for film and television productions are likely to stimulate job creation within the entertainment industry.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax Benefits for Film and Television Productions: The bill extends bonus depreciation for qualified productions, which means the applicable percentage is 100 percent for property placed in service after December 31, 2025, and before January 1, 2036 (Section 2(a) and 2(b)).
-
Support for Educational and Digital Media: The bill provides specific criteria for educational or instructional videos or digital interactive media productions to qualify as a qualified film or television production (Section 2(a)(11)(A)(i)).
Potential Negative Impacts for People
- Spending Requirements for Producers: To qualify for these benefits, a production must pay or incur specific minimum expenses in one state, which is $100,000 for educational/instructional/digital media or $500,000 for other film or television productions (Section 2(a)(11)(A)(iv)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For High Income Households+5
- Economy And Finance
- Increases Job Creation+5Improves Economic Growth+4
- 6/9/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House