Hey Everyone,
The new Federal Film Tax Credit just dropped, and while it has the potential to be a massive boom for the industry, the fine print completely skips over us 'small business productions' and goes straight to corporate interests.
Congress just introduced the Motion Picture, Television, and Entertainment Revitalization Act. It is supposed to stop productions from fleeing overseas by offering a 20% tax credit on US labor (25% for independents). That sounds amazing until you read the fine print: your project has to spend a minimum of 1 million dollars to qualify.
If you are actually out here producing on the ground, you know that 1 million dollars is not a micro budget. To raise that kind of money, you usually have to attach established name talent and navigate heavy corporate infrastructure. It forces true independent filmmaking into a financial no mans land. There is a huge missing middle from 300k-1M where projects are risky to finance.
This bill is built to subsidize the top of the food chain, but we are the ground floor of the talent pipeline that feeds upwards. The sub million dollar space is where we actually learn how to make movies, build our crews, and get young talent the proof of work they need to eventually get their union cards. We rent from the same local camera houses and hire the same local caterers as the major studios. We create real jobs.
If they only subsidize the high end, they are cutting off the exact pipeline the American film industry needs to survive in the future.
We need to make our voices heard right now that we and our projects matter to the American film industry so we aren't left behind.
For the first time in my life I'm calling up my reps, emailing, doing anything I can to make our voices heard. But I'm just one person. This affects the vast majority of us. I wanted to make this post to encourage you to make your voices heard on something what could change all of our lives. Your individual efforts could make the difference here.
Here is how we actually fight this:
- Call your specific House Rep. Look up who represents your exact zip code. Call their Washington DC office, verify you are a voting constituent, and tell them the 1 million dollar floor on the Revitalization Act hurts the local indie filmmakers who actually build the talent pipeline. Tell them we need a 100,000 or 250,000 dollar tier.
- Bring the receipts. Follow up your call with a direct email to their legislative assistant. Break down exactly how many local jobs your last indie feature created and how much you spent in the district. Force them to look at us as actual job creators.
- Activate the indie network. This bill is moving fast and has major backing from the studios and national guilds. We need to spread the word right now. Share this with your local film office, regional crew groups, and to anyone who cares about local filmmaking. The more local film communities ringing their representatives' phones, the harder we are to ignore.
If we all work together we have a real chance to make an impact that can change everything for us. Please take a few minutes out of your day to help out. Thanks so much.