[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3844 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 3844
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.
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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
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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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Texas is the New Hollywood Act of
2025''.
SEC. 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.
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