(WASHINGTON, DC) – Congresswoman Nicole Malliotakis (NY-11) introduced bipartisan legislation with Congresswoman Judy Chu (CA-28), with the support of the Trump Administration’s Ambassador to Hollywood, actor Jon Voight, to help keep film and television production in the United States and the jobs they create. As a key federal tax incentive for the entertainment industry nears expiration, their bill would double the current tax deduction available for qualified production expenses and extend it for an additional five years. Without this legislation, the U.S. risks losing significant economic activity and good-paying production jobs to foreign countries—highlighting the urgency of taking action to modernize the deduction and strengthen our domestic entertainment industry.
“As a filmmaker for the past forty years, both domestically and internationally, I’ve had to move some of my productions overseas due to the generous tax incentives offered by foreign countries. I thank Rep. Malliotakis and Rep. Chu for introducing this bipartisan legislation to extend and enhance existing tax credits, which will level the playing field and help keep more film production here in the United States,” said Julius R. Nasso, Owner and Producer of Julius R. Nasso Productions.
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