• Incentive: Deduction will be immediate.
  • Benefits: Cost of production at 100% (expenses that are qualified then the initial amount $15,000,000)
  • Annual Comps & Caps: Cost of production, then apply deduction to initial $15,000,000 (If created in areas that are ‘low-income’ then $20,000,000)
  • Criteria for the project: Should be greater than or equal to 3/4 of entire compensation (not to include residuals or participations) and are only for United States performed services.
  • Review: 12.31.09
  • This terminated at year end of 2009. In the new legislation a proposed extension that is retroactive is anticipated to be addressed after recess in 8/2010.