January 3:
Good news! The federal film tax incentive, known as Section 181, has
been renewed. Articles in The Hollywood Reporter and Variety made the
announcement today. Under 181 MegaBall$ is fully a qualified production
and investors may deduct their investments. It’s advised that you check
with a tax advisor to see if/what your benefit will be. You can find
a simple overview of the rule by click HERE. We’re still awaiting the
release of the new SEC Rules as amended in the JOBS Creation Act
of 2012. These changes will also be advantageous to our effort.
