Fed 181 Extended For One Year, almost...

Entertainment Partners sent out a post that our Senate approved legislation that would retroactively extend for one year the special expensing rules for certain film and television productions under section 181. The bill now must be reconciled with House-passed legislation before a final bill can be sent to the White House. The House legislation also includes a one-year extension of this provision. Good news.  Anything that can be done to help investors in independent film should be encouraged.  They create jobs in a time we really need them.