The bill would extend bonus depreciation for qualifying film and television productions. To qualify, a production would need to spend at least $100,000 in one state on an educational or instructional video or digital interactive media production, or at least $500,000 in one state on another qualifying production. The bill would allow 100% bonus depreciation for qualifying property placed in service from 2026 through 2035.
Film and television production businesses could claim 100% bonus depreciation on qualifying property if their production meets the bill's rules, including its in-state spending threshold. The bill applies to property placed in service after December 31, 2025.
No publicly available information about the bill's cost.
No publicly available information.
No publicly available information.