Dec 18, 2015, Congress approved a spending package that include a provision to help filmmakers, by renewing the Sect 181 Federal Film Tax Incentive, which originated in the 2004 JOBS Act. The provision is retroactive to Jan 1 2015 and will expire on December 31, 2016. The revision also includes Theatrical productions, not just television and film.
The code allows investors to deduct their investment as soon as the qualified film begins production, then later claim any returns as income in future year (limited by passive income rules). There are limitations and a potential investor should consult their own tax adviser. MEGABALL$ complies with the requirements of the film: 75% must be for paid service in the US, and our project will be 100%. Sect 181 may allow a film investor to minimize their risk.
Here are a few links to read more about Sect 181 and the tax implications:
We hope potential investors will take into mind these tax implications and consider investing in MegaBall$, which has solid commercial appeal. Read more about MegaBall$
