This bill amends the Internal Revenue Code of 1986 to extend and enhance tax incentives for qualified film and television productions. It extends the eligibility for bonus depreciation for these productions from January 1, 2027, to January 1, 2035 , and sets the applicable depreciation percentage at 100 percent for property placed in service between December 31, 2025, and January 1, 2036. A significant new provision defines "qualified film or television production" to include a requirement for minimum in-state spending . Specifically, productions must spend at least $100,000 in one state for educational or instructional videos, or $500,000 in one state for all other film and television productions. This measure aims to incentivize local economic activity while providing substantial tax benefits for the industry.