The South Carolina Republican is leading the legislative effort in the U.S. Senate alongside Sen. Adam Schiff (D-Calif.), while a parallel bipartisan coalition is pushing for the bill in the U.S. House of Representatives.
A bipartisan group of lawmakers is working on legislation that would create a 20% federal tax incentive for movies and television shows filmed in the United States
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 study commissioned by the Motion Picture Assn.
President Donald Trump on Monday called for bipartisan tax incentives to help a domestic TV and movie industry that has seen large chunks of its business move overseas in recent years.
