To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.

# HR 4787 Summary **What the Bill Does:** HR 4787 would extend and modify a tax deduction that allows film and television production companies to deduct certain production costs from their taxes. The bill would change how this deduction is calculated, though the specific modifications aren't detailed in the available information. This deduction is designed to encourage film and TV production in the United States by reducing the tax burden on these industries. **Who It Affects:** The bill primarily affects film and television production companies that use this tax deduction.

It could also indirectly impact workers in the entertainment industry, as tax incentives may influence where productions are filmed and produced. Depending on the specific changes to the deduction's calculation, it could also affect federal tax revenue. **Current Status:** HR 4787 is currently in committee review, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. The bill was sponsored by Representative Judy Chu (D-CA), from California, which has a major film and television industry presence.