Hollywood is looking for Washington lawmakers to save domestic film and television production — and it may just happen.

A new study commissioned by the Motion Picture Association projects that a federal tax credit of 20% for films that spend $1 million in production within the U.S. could result in a $125.3 billion boost in production spending between 2027 and 2035 and roughly 143,500 jobs annually. 

Lawmakers think it actually could be possible.

“We know that it works because we know that productions have returned to states that offer their own tax credits. But we need this nationwide to be that multiplier, because that’s exactly what’s being offered from these other nations,” said Rep. Laura Friedman, D-Calif., a former film producer herself.

Sixty-five countries have some sort of incentive already on the books, while 39 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands offer their own tax credits.

Friedman has been working with Rep. Brian Jack, R-Ga., to make the federal tax credit legislation a reality. She and Jack joined a virtual press conference this week announcing the MPA-commissioned study to double down on the need to address the issue.

“Most of the Marvel films, filmed from the mid 20 teens up until a few years ago, were made in my district, made in my home county, which was a great source of pride for many of us, and also a great source of employment for many of the people I represent. And unfortunately, in recent years, many of those movies have left for overseas,” said Jack. “​​I represent craftsmen, technicians, electricians that now are on second, third and fourth jobs because the jobs they thought they were moving to Georgia for are no longer there.”

The final details of a federal film tax incentive is still being worked out, but the idea already has the support of President Donald Trump. His special ambassador to Hollywood, John Voight, recently met with the president about the matter.

“He has expressed his backing of a tax credit for America that would level the playing field and bring jobs back to our country. So we have an opportunity now to give hope to a lot of people and save this industry,” said Voight during the press conference.