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S. 3330, The Domestic Film Production Equity Act of 2008
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on August 24, 2008, 20:15:45 (webmaster):
S. 3330 would amend the Internal Revenue Code of 1986 to modify the deduction for domestic production activities for film and television productions.
== Detailed Summary ==
<summary>
(Log inDomestic Film Production Equity Act of 2008 - Amends Internal Revenue Code provisions relating to edit the wikitax deduction for domestic film and betelevision production activities to: (1) include within the firstincome base for such deduction compensation for services performed in the United States by actors, production personnel, directors, and producers and any copyrights, trademarks, or other intangibles with respect to provide a detailed summary of the bill!)film production; and (2) allow a deduction for partners or S corporation shareholders who own at least a 20% interest in a film project.
</summary>
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== Status of the Legislation ==
<status>
(Log inLatest Major Action: 7/24/2008: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Finance.
</status>
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== Points in Favor ==
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== Points Against ==
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