119-hr3844

[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.

_______________________________________________________________________

 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.

 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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