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To amend the Internal Revenue Code of 1986 to establish a credit to incentivize investments in movie theaters, and for other purposes.
Key claim: HR9938 would amend the Internal Revenue Code of 1986 to establish a tax credit incentivizing investments in movie theaters.
Abstract
(HR9938 · 119th Congress) Latest action (2026-07-23): Referred to the House Committee on Ways and Means.
Why this matters
A movie-theater-specific investment credit would add another sector-targeted preference to the Internal Revenue Code, joining a growing list of narrow industry credits (radio stations, shipyards, short-line railroads, nuclear facilities). Beneficiaries would be theater owners and investors; the cost is borne by general taxpayers through forgone revenue. Status is introductory (referred to Ways and Means), so scope, credit rate, and eligible investment definitions remain undefined.