SCREEN Act

This bill would create a federal tax credit for owners or operators of movie theaters in the United States. The credit would equal 30 percent of what a theater spends on new equipment or other depreciable property, if the theater has been operating for the previous 5 years and the property is expected to stay in use for the next 5 years. The total credit per theater would be capped at $250,000, $375,000, or $500,000, depending on how many screens it has. The credit could be transferred to another taxpayer and would not apply to spending after December 31, 2030.

Full text and official record on Congress.gov

Sponsors

• Claudia Tenney Republican sponsor
• 4 cosponsors