Tax Incentives Renewed in Fiscal Cliff Deals

January 3, 2013, 09:22 AM

http://nofilmschool.com/2013/01/film-tv-tax-incent...

If you’re involved in the film or TV industry in any way, there’s a good chance you or someone you know has benefitted from Section 181 of the U.S. IRS Tax Code since it was established in 2004. Basically, it gives any investor the ability to deduct 100% of the money they invest in that same year for production costs up to $15 million dollars — and possibly as much as $20 million dollars. The good news is that as part of the last minute “Fiscal Cliff” deal, Section 181 has been renewed...