H.R. 3844

119 HR 3844 IH: Texas is the New Hollywood Act of 2025
 U.S. House of Representatives
 2025-06-09
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 EN
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 I  119th CONGRESS  1st Session  H. R. 3844  IN THE HOUSE OF REPRESENTATIVES   June 9, 2025   Mr. Tony Gonzales of Texas  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to extend bonus depreciation for qualified film and television productions and to require minimum in-State spending thresholds for such productions.
1.
Short title
This Act may be cited as the   Texas is the New Hollywood Act of 2025  .
2.
Extension of bonus depreciation for qualified film and television productions and minimum in State spend requirement
(a)
In general
 Section 168(k)  of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(11)
Special rules for qualified film or television production
(A)
In general
For purposes of this subsection, the term  qualified film or television production  means a film or televison production—
(i)
which is intended for commercial, educational, or instructional use,
(ii)
that is a qualified film or television production as defined in section 181(d),
(iii)
for which a deduction would have been allowable under section 181 without regard to subsections (a)(2) and (g) of such section or this subsection,
(iv)
pays or incurs for expenses relating to such production not less than—
(I)
in the case of an educational or instructional video or a digital interactive media production, $100,000 in 1 state, or
(II)
in the case of any other film or television production, $500,000 in 1 state.
(v)
meets the requirements of subparagraph (B) and clauses (i) and (ii) of subparagraph (C), and
(vi)
which is not described in subparagraph (D).
(B)
Extension of application
In the case of a qualified film or television production, paragraph (2)(A)(iii) shall be applied by substituting  January 1, 2035  for  January 1, 2027 .
 .
(b)
Increased applicable percentage
Section 168(k)(6) of such Code is amended by adding at the end the following new subparagraph:
(D)
Qualified film or television production
In the case of a qualified film or television production, the term  applicable percentage  means 100 percent in the case of property placed in service after December 31, 2025, and before January 1, 2036.
 .
(c)
Conforming amendment
Section 168(k)(2)(A)(IV) of such Code is amended by striking  (as defined  and all that follows through  subsection .
(d)
Effective date
The amendments made by this section shall apply to property placed in service after December 31, 2025.