Senator Tim Scott introduces S. 5552: Motion Picture, Television, and Entertainment Revitalization Act

We have received text from S. 5552: Motion Picture, Television, and Entertainment Revitalization Act. This bill was received on 2026-09-24, and currently has 9 cosponsors.

Here is a short summary of the bill:

This bill would create a new federal tax credit for certain American-made film and television productions. In simple terms, it would lower federal taxes for qualifying productions that spend money on U.S.-based film and TV work.

What qualifies for the credit

The credit would apply to a qualified film or television production , which generally means:

• A feature film, TV pilot, or TV season
• Made in the ordinary course of business for commercial purposes
• Finished during the tax year
• Costing more than $1 million
• With at least 75% of principal photography days occurring in the United States

The bill excludes several types of programming, including:

• Talk shows, interviews, game shows, and award shows
• News programming
• Live sports broadcasts
• Radio productions
• Gala event programming
• Daytime dramas
• Productions mainly for social media, blogs, or media-sharing platforms
• Advertising, marketing, fundraising, and certain corporate or institutional productions
• Productions involving records that must be kept under federal obscenity-related recordkeeping rules

How the credit would be calculated

The credit would equal a percentage of qualified compensation , meaning pay for certain U.S.-based production work. That includes work done by actors, directors, producers, writers, camera operators, editors, composers, visual-effects workers, and other production staff, including pre-production and post-production work. It would not include residuals or participations.

The base credit percentage would start at 20% and could rise by as much as 10 percentage points through different add-on rules, but not above 30% total.

Possible bonus credit increases

The bill would allow a 5-point increase in certain situations, including if the production:

• Films at least 30% of principal photography days in a rural opportunity zone
• Films at least 30% of principal photography days in a federally declared disaster area within 5 years of the disaster declaration
• Is completed by an independent producer
• Meets a special “multi-state producer” test involving production activity in 10 or more states
• Meets a separate test tied to increased domestic production relative to foreign production over time

Special rules would also apply to:

• Animated productions , where U.S. animation work and U.S. voice recording can count toward the location requirement
• Visual effects productions , if they meet certain U.S. spending and location rules
• Post-production projects , including editing, sound work, scoring, dubbing, and related activities done in the U.S.

Administration and transferability

The Treasury Secretary would be allowed to issue rules and require reporting to verify filming locations, compensation, and eligibility. The bill would also let taxpayers transfer the credit under existing tax-credit transfer rules, meaning the credit could potentially be sold or assigned rather than only used by the original taxpayer.

Timing

The credit would apply to productions whose principal photography begins in tax years starting after December 31, 2026 .

Relevant Companies

• DIS — Disney could be affected because it produces film and television content that may qualify for the new credit.
• NFLX — Netflix could benefit for qualifying U.S.-based film and TV productions, including series and films.
• CMCSA — Comcast’s NBCUniversal operations could be affected through film and television production activity.
• WBD — Warner Bros. Discovery could be impacted through its film and TV production operations.
• PARA — Paramount could be affected because of its involvement in feature films and television production.
• SONY — Sony, through its film and TV production businesses, could see direct effects from the credit.
• AMCX — AMC Networks could be affected to the extent it produces qualifying television content.

Senator Tim Scott Bill Proposals

Here are some bills which have recently been proposed by Senator Tim Scott:

• S.5641: A bill to amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates, and for other purposes.
• S.5552: Motion Picture, Television, and Entertainment Revitalization Act
• S.5551: Critical Mineral Executive Coordination Act of 2026
• S.5527: Birth Tourism Elimination Act
• S.5096: Support for Expectant and Parenting Foster Youth Act
• S.4882: ICTS Supply Chain Security Act of 2026

You can track bills proposed by Senator Tim Scott on Investivoq's politician page for Scott.

Senator Tim Scott Net Worth

Investivoq estimates that Senator Tim Scott is worth $6.0M, as of October 7th, 2026. This is the 157th highest net worth in Congress, per our live estimates.

Scott has approximately $1.8M invested in publicly traded assets which Investivoq is able to track live.

You can track Senator Tim Scott's net worth on Investivoq's politician page for Scott.

2028 South Carolina US Senate Election

There has been approximately $61,592,257 of spending in South Carolina US Senate elections over the last two years, per our estimates.

Approximately $22,973,392 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• PALMETTO ACTION ($7,502,866)
• SECURITY IS STRENGTH PAC ($6,547,339)
• AMERICAN MISSION ($2,260,074)
• MAGA INC. ($1,655,422)
• PALMETTO LEADERSHIP FUND ($1,113,212)

The rating for this race is currently "Likely R".

You can track this election on our matchup page for the 2028 South Carolina US Senate election.

This article is not financial advice. See Investivoq's disclaimers for more information.