SMART, JACK; Stallone, Sylvester
January 2016
Back Stage (1946-5440);1/14/2016, Vol. 57 Issue 2, p8
Trade Publication
The article reporst that the section 181 of the U.S. Internal Revenue Service tax code has been renewed by the U.S. House and Senate that will make film, television, and theater productions to qualify for 2015 tax deductions. Films are considered a capital asset and it had to be depreciated. Section 181 also covers up to 15 million dollars in revenue.


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