financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Marketing
AHLA and USTA Back 20% Federal Film Tax Credit
Major travel and hotel associations are backing proposed bipartisan legislation offering a 20 percent federal film tax credit to stimulate domestic production, room demand, and long-term tourism.
Key Takeaways
- 1The bipartisan bill proposes a 20% federal credit on domestic production labor, stackable with state incentives.
- 2Projects in rural or disaster zones can qualify for additional credits up to a total of 30%.
- 3Supporters target lame-duck passage to counter international competition and bolster softening hotel demand.
Source: asianhospitality.com
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