“Section 317 of the freshly approved legislation includes an extension for ‘special expensing rules for certain film and television productions.’  The fiscal cliff deal extends the tax incentives through 2013–even as payroll taxes rise on ordinary Americans.  The original tax incentive applied to productions costing less than $15 million to make ($20 million in low-income areas). The 2008 extension applies to all films, up to a deduction of $15 million (or $20 million in low-income areas). The incentive is especially generous to television series; it applies to each TV episode.”

http://www.economicpolicyjournal.com/2013/01/hollywood-gets-tax-break-extension.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy