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Since the 1990s, states have offered increasingly competitive incentives to lure productions away from other states. The structure, type, and size of the incentives vary from state to state. Many include tax credits and exemptions, and other incentive packages include cash grants, fee-free locations, or other perks.
Another form of Hollywood accounting is a reverse tobashi scheme, in which the studio unjustly cross-collateralizes the accounting of two projects and shifts losses from a flop onto a profitable project by shifting costs involving internal operations. This way, two unprofitable projects are created out of one on paper alone, primarily for the ...
The tax credit was expanded again during the state budget negotiations in summer 2016. $65 million will be available for fiscal year 2017-18. [ 6 ] The tax credit brought the production of Zack and Miri Make a Porno , The Road , Shelter , Shannon's Rainbow , Sorority Row , and She's Out of My League to the Pittsburgh region in 2008 and 2009. [ 7 ]
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Warner Bros. Discovery and Sony Pictures have ended their competition in Nevada and joined forces behind a new studio project in the Las Vegas suburbs. Last year, the companies were backing rival ...
IRS Direct File is a popular free program that offers guidance and support as you fill out your tax return and file your taxes directly with the IRS. And it may not be long for this world. On Feb ...
The film industry in Louisiana has grown dramatically in recent years [1] [2] largely due to the state's 2002 tax incentives aimed at attracting film and television companies. [2] The success of Louisiana's film industry caused the state to be nicknamed "Hollywood South" or "Hollywood on the Bayou". [3] [4]
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1747 Olentangy River Rd, Columbus, OH · Directions · (614) 299-9425