Puerto Rico Film, Television, and Theatre Production Act of 2023

Bill 118 HR 376, also known as the Puerto Rico Film, Television, and Theatre Production Act of 2023, aims to promote and support the film, television, and theatre industries in Puerto Rico. The bill seeks to provide incentives and tax credits to attract production companies to the island, boosting economic growth and creating job opportunities for local residents.

Under the provisions of the bill, production companies that choose to film in Puerto Rico will be eligible for tax credits and other financial incentives. These incentives are designed to offset the costs of filming in Puerto Rico and encourage more companies to choose the island as a filming location.

The bill also includes measures to support local talent and businesses in the film, television, and theatre industries. It establishes a fund to provide grants and scholarships to aspiring filmmakers and actors in Puerto Rico, as well as support for local production companies and theatres. Overall, the Puerto Rico Film, Television, and Theatre Production Act of 2023 aims to boost the island's economy, create job opportunities, and support the growth of the film, television, and theatre industries in Puerto Rico.