Why Should Hollywood Get a Federal Tax Credit? Nearly $250 Billion… | HappeningNow.news

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Why Should Hollywood Get a Federal Tax Credit? Nearly $250 Billion Is On the Table, Study Says

Hollywood is bringing some receipts to bolster its push for a federal film and television tax credit in D.C.

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A study commissioned by the Motion Picture Association estimates that a federal film and television tax credit could generate nearly $250 billion in total gross value for the United States between 2027 and 2035. The analysis, conducted by consulting firm Olsberg SPI, counts direct, indirect and induced spending across a range of sectors. Benefits would flow to businesses such as transportation vendors, hotels and local restaurants, illustrating the broader economic impact Hollywood hopes to secure through the proposed incentive.

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