Establishes a tax credit to incentivize investments in movie theaters.
The SCREEN Act amends the Internal Revenue Code to establish a tax credit for qualified movie theater revitalization expenditures. The credit is equal to 30% of such expenditures, up to a maximum of $500,000 for theaters with at least 10 screens. The credit is allowed as part of the general business credit and can be transferred. The credit applies to expenditures made after the enactment date and before January 1, 2031.
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