IMDb > David Dreier > News
Quicklinks
Top Links
biography by votes awardsNewsDeskmessage board
Filmographies
overviewby type by year by ratings by votes awards by genre by keyword
Biographical
biography other works publicity photo galleryNewsDeskmessage board
External Links
official sites miscellaneous photographs sound clips video clips

Connect with IMDb



2013 | 2012 | 2009 | 2005

1 item from 2013


Hollywood Wins Tax-Break Extension In Fiscal Cliff Agreement

2 January 2013 1:49 PM, PST | Deadline TV | See recent Deadline TV news »

Studios enjoyed their best year ever at domestic box offices in 2012 — but still managed to persuade lawmakers that movie and TV investors need a sweet tax deduction to keep the cameras rolling in the U.S. The new agreement to avoid the so-called fiscal cliff collection of spending cuts and tax hikes includes a provision enabling investors in productions shot in the U.S. to deduct the first $15M of the costs or $20M if the shooting takes place in low-income areas. Investors love the break, in Section 181 of the Internal Revenue Code, because they can take the entire deduction in the first year instead of spreading it over several years, and can combine it with state tax credits. It began with the American Jobs Creation Act of 2004 and in 2008 was amended and extended to the end of 2011. But Congress didn’t renew it in time for 2012 productions. No matter: »

- DAVID LIEBERMAN, Executive Editor

Permalink | Report a problem


2013 | 2012 | 2009 | 2005

1 item from 2013


IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners