Motion Picture, Television, and Entertainment Revitalization Act
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
This bill, titled "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," has been introduced in the Senate by Senator Tim Scott. The stated purpose of the legislation is to create a tax credit specifically for American film and television productions.
The full text of the bill has not yet been published, so the specific details of how this tax credit would be implemented and who would directly benefit are not available. Generally, tax credits are financial incentives that can reduce the amount of tax a business or individual owes.
S. 5552 is currently at the beginning of the legislative process, having just been introduced. For the bill to potentially become law, it would need to be considered by relevant Senate committees, pass a vote in the Senate, and then be passed by the House of Representatives in identical form. Following passage by both chambers, it would then go to the President for signature or veto.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Motion Picture, Television, and Entertainment Revitalization Act
This bill establishes a federal business tax credit for a percentage of the compensation paid for services performed in the United States related to a qualified film or television production. (Conditions and exceptions apply.)
The bill defines a qualified film or television production as any production that is
• a feature film, television pilot, or television season;
• produced in the ordinary course of business for commercial purposes;
• capitalized;
• completed during the tax year with more than $1 million in total costs; and
• filmed in the United States for 75% of the photography days.
Timeline
24 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5552 do?
- This bill, titled "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," has been introduced in the Senate by Senator Tim Scott. The stated purpose of the legislation is to create a tax credit specifically for American film and television productions. The full text of the bill has not yet been published, so the specific details of how this tax credit would be implemented and who would directly benefit are not available. Generally, tax credits are financial incentives that can reduce the amount of tax a business or individual owes. S. 5552 is currently at the beginning of the legislative process, having just been introduced. For the bill to potentially become law, it would need to be considered by relevant Senate committees, pass a vote in the Senate, and then be passed by the House of Representatives in identical form. Following passage by both chambers, it would then go to the President for signature or veto.
- Has S. 5552 become law?
- The source does not supply a confirmed lifecycle stage for S. 5552. Check the latest action and official source below.
- Who sponsored S. 5552?
- S. 5552 was sponsored by Sen. Scott, Tim [R-SC] (R-SC), with 9 cosponsors.
- What's the latest action on S. 5552?
- Read twice and referred to the Committee on Finance. (24 Sep 2026).
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