Section 181 – US Federal Film Tax Credits
March 16, 2010 30 Comments
It’s not law yet, but the Senate passed a tax bill that includes an extension of Section 181. The bill retroactively reinstates (for one year) the ability to expense the first $15 million of production costs.
This is good news for filmmakers whose investors who want/need/expect the tax breaks of a same-year tax deduction.
This is very good news for filmmakers – if you would like more info on how the Fed Film Tax Credit works, send me an email and I’m happy to oblige.