Section 181 Update

We spoke with the Senate Finance Committee today and unfortunately, the wait for Section 181 passage continues.

According to the Committee which spearheaded the most recent Tax Extender Bill of 2009 (HR 4213) that passed the Senate had substantial differences from the original bill passed by the House.  Accordingly, the bill has to be “re-introduced” to the House.  I am not sure of the next steps or a time-line for those steps.

So again, while it looks promising, the extension is not law yet.

If you have questions about the legal steps necessary for raising money for your film or music video, please feel free to contact us.

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