Hollywood groups ask for tax changes after Tariefdendendendiging van Trump

Various Hollywood industry and labor organizations wrote on Monday to President Trump and asked for tax benefits that they said would help to bring more film and television production to the United States.

The letter was sent in response to Mr. Trump declaration On the Truth Social last Sunday that he would give a 100 percent rate on films made outside the United States. It was signed by the Motion Picture Association, the trade association that represents the most important Hollywood studios; the guilds of the most important writers and actors; and the actors Jon Voight and Sylvester Stallone, two from Mr. Trump’s chosen Hollywood advisors.

“The return of more production to the United States will require a national approach and broad policy solutions,” the letter said.

The White House Fast ran the tariff threat of Mr. Trump backBut not before his position had brought attention to the falling levels of film and TV production in California and the United States. Gavin Newsom of California, who has long supported the doubling of the tax credit of his State for production, has prevented Mr Trump by calling for a federal tax credit of $ 7.5 billion.

Instead, the letter sent on Monday focuses on three requests for changes in the tax code:

• Expansion of a tax provision that allows up to $ 15 million to qualified film and television production costs to be deductible in the year in the year that the costs were incurred, instead of the year a film or television show is released. The group also asked for the limit raised to $ 30 million.

• As a result of which studios and production companies can wear losses for earlier and future tax years.