In the last throws of the dwindling days of 2012 a largely untapped source of film finance has encouragingly been renewed. First reports have come to light about the renewal which was included in the Fiscal Cliff aversion talks.
Films from 2012 applying correct documentation and for all of 2013 will have the film tax benefit available to their investors. Based upon their tax structures the investment in film subject to tax relief is a hard won achievement for the creative film and television industry.
Filmmakers are required to announced their Section 181 plans in their first tax returns. Investors can take 100% of their investment as tax relief as opposed to amortizing over several years as generally allowed. The relief is capped at $15 Million for feature films, which is increased to $20 Million for “distressed” locations. Television programs qualify for the first 44 episodes.
When presenting such film finance plans to investors it is critical to have an accurate representation of the true cost of the production. This is critically important to the planning of the investor to precisely know how much his financial input is required.
Contact Filmbudget.com for details on utilizing Section 181 and an accurate, major studio proven film budget package to know for yourself and demonstrate to investors the true cost of the production expenditure on your movie.
Film Producer Jack Binder (‘Reign Over Me’, ‘The Upside of Anger’) has been producing movie and television production for over twenty years and continues under his international film production company Greentrees Films. As the founder of Filmbudget.com Jack continues to provide the film and television industry with quality film budgets and shooting schedule breakdown services.