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Fiscal Cliff:Hollywood Gets Tax Incentive Extension

hypocritexposer

Well-known member
I bet these "loopholes", for the "rich", could have paid for a bit of that milk, OT was worried about.

Section 317 of the freshly approved legislation includes an extension for "special expensing rules for certain film and television productions." Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011.

http://www.breitbart.com/Big-Hollywood/2013/01/01/hollywood-loophole-fiscal-cliff
 
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