I somehow missed it last October when Congress acted to extend the $15 Million tax incentive for domestic films that was originally created in the American Jobs Creation Act of 2004.
In addition to extending the program, the rules have been expanded. Producers may now deduct the first $15 Million spent on qualifying domestic film production, regardless of the picture’s total budget.
Good news for American film industry jobs in these tough times.
More information at Resource411.com, and in this information sheet from the Director’s Guild of America.
Related posts:
- L.A. approves incentive package
- R&H Music Publishing Catalog valued at $200 Million (estimated)
- IRS eliminates tax breaks for some independent films
