It was announced today in The Hollywood Reporter and Daily Variety ... that the federal film tax incentive, known as Sect 181 (of the 2004 JOBS Creation Act) has been renewed, and is retroactive to Jan. 1 2012. Essentially the incentive allows for investors to deduct their investment in a qualified film, and under the provisions MegaBall$ is a fully qualified production. You may read a simple explanation of how the incentive works by clicking HERE.
Please note, it is advisable that any individual consult with their tax advisor to see if/what the benefit may actually be for that individual.
We are also looking forward to changes in SEC Rules, as part of the 2012 JOBS Creation act, which will also be advantageous to our efforts. These language changes are expected to be released this month.
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