Malliotakis Leads Bipartisan Effort to Develop Film Manufacturing & Create Jobs in New York Metropolis

(WASHINGTON, DC) – Congresswoman Nicole Malliotakis (NY-11) launched bipartisan laws with Congresswoman Judy Chu (CA-28), with the help of the Trump Administration’s Ambassador to Hollywood, actor Jon Voight, to assist preserve movie and tv manufacturing within the United States and the roles they create. As a key federal tax incentive for the leisure business nears expiration, their invoice would double the present tax deduction out there for certified manufacturing bills and prolong it for a further 5 years. Without this laws, the U.S. dangers dropping vital financial exercise and good-paying manufacturing jobs to overseas nations—highlighting the urgency of taking motion to modernize the deduction and strengthen our home leisure business.

 

According to the most recent NYC Film and Television Industry Economic Impact Study (2021), town’s movie and TV sector helps 185,000 jobs, generates $18.1 billion in wages, and contributes $81.6 billion in complete financial output highlighting its continued significance to New York City’s financial system.

 

“I join Rep. Judy Chu in introducing this bipartisan legislation aimed to help keep film and television production here in the U.S. especially in New York, a major entertainment hub with studios in both Brooklyn & Staten Island,” stated Rep. Nicole Malliotakis. “New York’s film and television industry has generated thousands of jobs and promotes economic activity in our district through series like Ray Donovan, Gotham, Boardwalk Empire, Blue Bloods, and Fallout to name a few. Our effort has earned the support of President Trump and industry leaders like Jon Voight, making clear just how important it is to keep production companies from leaving our community and country for overseas incentives.”

 

“I’m so proud to introduce bipartisan, bicameral legislation to support good-paying, domestic creative jobs by extending and strengthening Section 181, the only federal tax incentive specifically designed for film, television, and sound production here in the United States,” stated Rep. Judy Chu. With Section 181’s expiration quick approaching in only a few months, it is so crucial to not simply prolong this deduction, however strengthen it. Our invoice would do exactly that and would be sure that the United States continues to put money into the unbelievable expertise that exists in my district in Southern California and throughout the nation.” 

 

“I wish to thank Representatives Malliotakis and Chu and Senators Blackburn and Warnock for introducing crucial jobs laws to reauthorize Sec. 181, extending this system for 5 years and elevating the deduction limits. We should guarantee this very important laws passes Congress and is signed into legislation by President Trump. America’s nice movie and tv business wants and deserves our help at this crucial time,” said Jon Voight, United States Special Ambassador to Hollywood.

 

“As a filmmaker for the previous forty years, each domestically and internationally, I’ve needed to transfer a few of my productions abroad because of the beneficiant tax incentives supplied by overseas nations. I thank Rep. Malliotakis and Rep. Chu for introducing this bipartisan laws to increase and improve current tax credit, which can degree the taking part in subject and assist preserve extra movie manufacturing right here within the United States,” said Julius R. Nasso, Owner and Producer of Julius R. Nasso Productions.

 

“With sound recording manufacturing lastly eligible for the Section 181 home manufacturing incentive, A2IM is proud to help this invoice, which might assist impartial labels help extra nice artists as they contribute to financial progress. America leads the globe in creating movie, tv, theater and music that entertains and conjures up the remaining the world. Congress can make sure that we have now each software to proceed this necessary work by extending this widespread sense provision,” said Dr. Richard James Burgess, President and CEO, American Association of Independent Music.

 

“This laws displays a bipartisan, bicameral effort to strengthen the U.S. movie and TV business, which proudly helps greater than 2.32 million jobs nationwide,” stated Charles Rivkin, Chairman and CEO of the Motion Picture Association (MPA). “Extending and strengthening Section 181 will lead to more domestic film and TV production, and more American jobs. The MPA applauds Senators Blackburn and Warnock, alongside Representatives Malliotakis and Chu, for introducing the bill in their respective chambers and looks forward to Congress enacting this vital legislation.”

 

New York’s eleventh Congressional District is dwelling to numerous manufacturing levels and studios, together with RiverBridge Studios and the Staten Island Paramount Theater.