Congress Must Act to Support Cinemas Tax Credit and Keep Movies on Main Street

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News Source : IndieWire

News Summary

  • Four small business owners own and operate independent theaters in Northern California, Nashville, rural Montana and Idaho.
  • The SCREEN Act is focused and targeted legislation that provides a tax credit for movie theater reinvestment and sunsets after five years.
  • It applies to the modernization and improvement of existing theaters that are five years or older, helping theater owners put private capital to work and securing the future of theaters across the country.
  • For every dollar spent on a movie ticket, an additional $1.50 is spent at surrounding businesses.
For more than a century, the American motion picture industry has been an enduring part of our shared experience.

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