Did Section 181 Finally Get Approved?

The answer, as of what we know, is not yet.  Rumors continue to run wild, but according to the Speaker of the House’s Office, the Senate’s Committee on Finance and the record of Congress activity for today, May 11, 2010, there were no applicable votes on Section 181 or any Bill which includes the provision. 

Our friend at Facebook: Extend Section 181 may have started this rumor, and I hope it is actually becomes fact, but we just simply cannot confirm any sort of extension yet.  Keep checking here for updates.

Thanks. L4M.

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3 comments

  1. Peter

    I’m from Wilmington, NC which has a sizable commitment to the film industry. I inquired of our Congress member, Mike McIntyre’s office about two weeks ago on the status of 181. The office indicated that efforts are underway to see that the reconciliation of the bill is accomplished prior to the Memorial Day recess.

  2. Chris

    On Friday, just before a week long Congressional recess, the House passed the reconciled version of what was H.R.4213 (now called the American Jobs and Closing Tax Loopholes Act of 2010), but the Senate didn’t get to it (not good for filmmakers and DEFINITELY not good for anyone on COBRA). The soonest they will get onto it will be next Monday, June 7. If they make any more changes, it will have to go back to the House again — but let’s hope not, since it’s already been through reconciliation once. Stay tuned. . . .

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