H.R. 4787

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.

IN THE HOUSE OF REPRESENTATIVES · July 29, 2025 · Sponsor: Ms. Chu · Committee: Committee on Ways and Means

Table of contents

• H.R. 4787
  • SEC. 1. Film and television production deduction amendments

SEC. 1. Film and television production deduction amendments

• (a) Extension
  • of the Internal Revenue Code of 1986 is amended by striking December 31, 2025and inserting December 31, 2030. Section 181(g)
• (b) Increase in dollar limitation
  • (A) In general
    • Paragraph (1) shall not apply to so much of the aggregate cost of any qualified film or television production or any qualified live theatrical production as exceeds $30,000,000.
  • Section 181(a)(2)(A) of such Code is amended to read as follows:
• (c) Higher dollar limitation for productions in certain areas
  • Section 181(a)(2)(B) of such Code is amended in the matter following clause (ii) by striking and inserting .
• (d) Inflation adjustment
  • (C) Inflation adjustment
    • (i) In the case of any taxable year beginning in a calendar year after 2026, each dollar amount in subparagraph (A) or (B) shall be increased by an amount equal to—
    • such dollar amount, multiplied by
    • the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting for in subparagraph (A)(ii) thereof. calendar year 2025 calendar year 2016
    • (ii) Rounding.—Any increase determined under clause (i) shall be rounded to the nearest multiple of $1,000.
  • Section 181(a)(2) of such Code is amended by adding at the end the following new subparagraph:
• (e) Effective date
  • The amendments made by this section shall apply to productions commencing after the date of the enactment of this Act.