Indiefilmlaw's Blog
Ideas, Inspiration and Legal Resources for Artists, Filmmakers, Producers and Film Students

Archive for the ‘Tax Credit’ Category

February 2, 2016

NEWS Jewocity.com (press release) (blog) Sundance 2016: 17 most anticipated indie films premiering at the festival Jewocity.com (press release) (blog) Sundance Film Festival 2016 gets underway today and it is set to be put some great independent films from all around the world in the spotlight. Huffington Post The Fellowship Of The Film Huffington Post Waller: We were this indie film, so you […]

When Soderbergh Speaks, Indie Filmmakers Listen

May 2, 2013

The Business of Independent Film For the past few years, the business of creating independent film has faced many challenges. Outside financing has suffered from the “Great Recession” as banks stopped lending, Federal Section 181 film tax credits have evaporated,  State film Tax credit programs have imploded from scandal and debate rages about the effectiveness […]

5 #Legal Questions to Ask BEFORE Starting Your #Crowdfunding Project

April 9, 2013

Five Legal Questions To Ask BEFORE Crowd-funding You Next Film (or Creative) Project Intro I recently had the opportunity to share the stage at a Chicago VentureShot Community panel presentation on crowdfunding an independent film project. My client successfully raised enough funds to produce his film through the Crowdfunding site KickStarter.com. Due to the unpredictable […]

NOVAC Provides Local Filmmakers Financing and Guidance on Making Deals

April 12, 2012

April 11, 2012 Via Chris Henson, New Orleans Indie Movie Examiner “The film industry in New Orleans, and in Louisiana in general, is booming. But it is not only the major studio productions coming to the Crescent City. Independent filmmaking has also exploded in the area. Non-profit organizations like the New Orleans Video Access Center […]

Checklist of Provisions for an LLC Operating Agreement For Film Production

March 14, 2012

It is increasingly common for film producers to use LLCs as a way to raise funds for production and limit liability of the producers and investors. Below is a checklist of provisions that should be discussed with production counsel prior to forming your LLC. 1. Introductory Clauses and Definitions (Both are optional but common; these […]

Section 181 “Indie” Film Tax Credit Resurrected in Tax Deal

December 20, 2010

Obama has breathed new life into the Section 181 film tax credit (originally blogged about here) that had expired at the end of 2008. Originally signed into law as part of the 2004 Jobs Creation Act, it has been resurrected as part of the controversial new tax bill. The new tax bill recently signed into law […]

IRS Section 181 Film Production Incentives UPDATE

July 23, 2010

Many of us have been waiting patiently for any news about whether the federal film production tax incentives made possible under IRS Section 181 will be extended.

Are documents submitted in support of state film tax credit incentives confidential?

February 24, 2010

That is the question being posed in Iowa after that state’s suspension of the film tax credit program by the governor’s office. Eleven film companies are suing Iowa’s Department of Economic Development, arguing that certain documents relayted to  film tax credit program – including expenses and budgets – should be kept confidential. The attorney for the film […]

IRS Section 181 Film Production Incentives Nears Renewal

January 29, 2010

What Is IRS Section 181? Will IRS Section 181 Be Renewed? How Can I Take Advantage of IRS Section 181 Production Incentives? As many in the Film and Television industry know, IRS Section 181, first enacted by Congress in 2004, (explained here), permits a 100% write-off for the cost of certain audio-visual productions (e.g., theatrical, […]

Clock is Ticking on IRS Section 181 Film Tax Incentive!

December 11, 2009

“American Jobs Creation Act: Section 181” provides 100% Federal deductions against passive income. State Film Production Tax Credits may also be available. What Is Section 181? How Does Section 181 Work? Who Is Eligible for Section 181 Deductions? Section 181, first enacted by Congress in 2004, and blogged about here, was extended and modified on […]