U.S. Congress legislation · 119th Congress
SB5552: Motion Picture, Television, and Entertainment Revitalization Act
Status: In committee, September 24, 2026
A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for American film and television productions, and for other purposes.
What the bill says
To amend the Internal Revenue Code of 1986 to provide a tax credit for American film and television productions, and for other purposes.
From the introduced text, September 24, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide a tax credit for American film and television productions, and for other purposes. SECTION 1. Short title This Act may be cited as the Motion Picture, Television, and Entertainment Revitalization Act . SECTION 2. American film and television production credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: SECTION 45BB. American film and television production credit (a) Allowance of credit For purposes of section 38, in the case of a qualified film or television production, the American film and television production credit for any taxable year is the product of-- (1) the applicable percentage, and (2) the qualified compensation paid with respect to such qualified film or television production. (b) Qualified film or television production For purposes of this section-- (1) In general The term qualified film or television production means any production-- (A) which is a feature film, a television pilot, or a television season, (B) which is produced-- (i) in the ordinary course of a trade or business, and (ii) for commercial purposes, (C) which is chargeable to capital account, (D) which is completed during the taxable year, (E) the total cost …
Sponsors
- Scott, Tim (R) · primary sponsor
- Schiff, Adam B. (D)
- Cornyn, John (R)
- Warnock, Raphael (D)
- Daines, Steve (R)
- Moreno, Bernie (R)
- Sheehy, Tim (R)
- Padilla, Alex (D, SD-CA)
- Warner, Mark (D)
- Kim, Andy (D)
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5552?
- SB5552 is a bill in Congress (119th Congress): Motion Picture, Television, and Entertainment Revitalization Act.
- What does SB5552 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide a tax credit for American film and television productions, and for other purposes.
- What is the status of SB5552?
- In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 24, 2026).
- Who sponsored SB5552?
- Scott, Tim (R), with 9 co-sponsors.
- Where is the official record for SB5552?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5552
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.