Bill · H.R. 4787· House(119-HR-4787)
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
- 7/29/2025
- Last activity
- 7/29/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Judy Chu
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill proposes amendments to the Internal Revenue Code of 1986 regarding film and television production deductions. It seeks to extend the current deduction period from December 31, 2025, to December 31, 2030. Additionally, the bill increases the dollar limitation for aggregate costs of qualified productions. It also raises the dollar limitation for productions in certain areas. Finally, it introduces an inflation adjustment mechanism for these dollar amounts starting after 2026.
Yes· 3 of 6
Does this cut taxes for small businesses?+5
The bill extends and increases tax deductions for film and television productions.
Would business owners be better off under this?+5
The bill provides direct tax advantages and extends deductions for production business owners.
Does this make it easier to run a small business?+4
The bill increases the dollar limits for qualifying production costs, benefiting production companies.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Extension of Deductions: The bill extends the expiration date for the film and television production deduction from December 31, 2025, to December 31, 2030, which provides more time for these deductions to be utilized (Section 1(a)).
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Increased Dollar Limits: The aggregate cost limit for qualified film, television, or live theatrical productions is increased to allow for amounts exceeding $30,000,000 (Section 1(b)).
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Higher Limits for Specific Areas: The bill increases the dollar limitation for productions in certain areas by substituting $40,000,000 for $30,000,000 (Section 1(c)).
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Inflation Protection: Starting after 2026, dollar amounts in the specific subparagraphs will be increased based on a cost-of-living adjustment, ensuring the limits keep up with inflation (Section 1(d)).
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not contain information regarding potential negative consequences or burdens for individuals or groups of people.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+5Improves Small Business Support+4Increases Job Creation+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+5Good For Urban Residents+2
- 7/29/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.