A federal tax credit could add 143,000 film and TV jobs, industry-commissioned study says

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Set us as preferred A federal film and television tax credit could boost U.S.production spending by $125 billion and add more than 143,000 jobs by 2035, according to a new study commissioned by the Motion Picture Assn.The analysis, released Tuesday morning, is expected to bolster Hollywood’s push for a federal production incentive, which the industry says is necessary to compete with the generous credits offered abroad.

Sixty-five nations now offer them, the study said.The effort has been quietly building for more than a year.It got a major boost last month when President Trump posted on Truth Social backing a proposed credit.Details are still being worked out,, but the study assumed a transferable credit with a minimum rate of 20% on qualified spending for U.S.

resident labor — broadly what industry groups have supported.It also assumed add-ons of 5% for independent production companies and 5% for labor costs in areas the Federal Emergency Management Agency has declared disasters.

Hollywood Inc.After President Trump threw his support behind an effort for a national film tax credit, Hollywood is hopeful that a lifeline could finally be on its way.If the incentive took effect Jan.

1, 2027, U.S.production spending would reach $277.5 billion through 2035, the study said, compared with $152.2 billion without it.A coalition that includes the Motion Picture Assn., industry unions, producers’ groups and small production businesses, along with Democratic and Republican lawmakers, is expected to press the case at a virtual news conference Tuesday.“A federal incentive would be a gamechanger for our industry,” Charles Rivkin, chairman and chief executive of the Motion Picture Assn., said in a statement.

“This study tells us that we can bring more opportunities to life for people in all 50 states who bring great stories...