New Tax Breaks and Incentives: Impact on Independent Film Production
How do these incentives really work to the advantage of independent production companies.
What do filmmakers think about it all and how to ensure the health of this dynamic, growing and creative industry?
Thursday, February 15th
2:30 – 4:30pm / Longworth House Building (LHOB 1539), 9 Independence Ave SE, Washington DC 20515
Tax Incentives for filmmakers exist at both the federal and state levels and have been credited with preventing film production from leaving the United States and stimulating the remarkable growth of independent film production. The federal tax incentive was enacted as part of the American Jobs Creation Act of 2004, Section 181 of the Internal Revenue Code. The program, which gave significant tax breaks to investors in shows shot in the U.S., came to an abrupt end on December 31, 2016 but two new incentives exist in the Tax Code for 2018. Come learn from the experts about the changes in the tax code, how this impacts film production as a job and income generating activity, how state taxes compare to/intersect with federal taxes and the financial health of independent filmmaking in the US.
- Jack Gerbes, Film Commissioner, State of Maryland
- Emily Hunter Salveson, CEO, Streamline Global Group
- Hal Kessler, Entertainment Attorney, partner, Olsen and Cepuritis, Ltd
- Carletta S. Hurt, President, Women in Film and Video
- Doug Maddox, producer and founder DBM Communications, Inc.
What is The Summit On The Hill?
What does Congress have to do with the art of independent film? A good question and one we address at the nexus of art and law. Washington DC. Filmmakers in the United States work within and around a body of regulation bearing on the art and artists. In cooperation with the Congressional Entertainment Industries Caucus, we welcome filmmakers and the public to an open discussion with experts and lawmakers about these developments. From issues directly effecting taxation to technology to intellectual property, we are in a unique position to organize and convene this annual event.