Establishes a tax credit to incentivize investments in movie theaters.

The SCREEN Act amends the Internal Revenue Code to create a tax credit for investments in movie theaters. This credit applies to expenditures on tangible property for qualified movie theaters, which include theaters, screening rooms, drive-in theaters, and other venues primarily used for public exhibition of copyrighted motion pictures. The credit is equal to 30% of the qualified movie theater revitalization expenditures, with limits based on the number of screens or similar video displays. The credit is available for expenditures made after the enactment date and before January 1, 2031.

Establishes a tax credit to incentivize investments in movie theaters.

The SCREEN Act amends the Internal Revenue Code to create a tax credit for investments in movie theaters. This credit applies to expenditures on tangible property for qualified movie theaters, which include theaters, screening rooms, drive-in theaters, and other venues primarily used for public exhibition of copyrighted motion pictures. The credit is equal to 30% of the qualified movie theater revitalization expenditures, with limits based on the number of screens or similar video displays. The credit is available for expenditures made after the enactment date and before January 1, 2031.