United States Independent Film and Television Production Incentive Act of 2001
Last action on Oct 16, 2001Referred to the House Committee on Ways and Means.
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Summary
United States Independent Film and Television Production Incentive Act of 2001 - Amends the Internal Revenue Code to establish an annual tax credit for 25 percent of up to the first $25,000 of qualified wages paid or incurred per qualified U.S. independent film and television production. Increases the credit to 35 percent if the production is located in an area eligible for designation as a low-income community or eligible for designation by the Delta Regional Authority as a distressed county or isolated area of distress.
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