Streamline acquires qualified feature films using IRC 181 and 168k2 and sells these films to individuals across the country looking to get into the film business. Each qualified purchase offers tax benefits through expense deductions or depreciation deductions. While a film acquisition is highly speculative and profits are not guaranteed, some suggest that acquiring films through this manner presents an overall lower risk because of the inherent tax benefits associated with the acquisition.
Streamline requires all individuals to have outside counsel, CPA and tax advisor review the purchase prior to making any final decisions.
WHY FILM INCENTIVES?
Film tax incentives originated from tax laws enacted by Congress to promote the entertainment industry, spurn economic growth, create jobs, and keep revenue earned and taxed domestically.
Section 181 of the IRS tax code was created as a part of the American Jobs Creation Act of 2004 to encourage producers to continue producing movies in the domestic United States, instead of being lured by foreign countries with offers of significant tax benefits.
The Trump Tax Plan recently extended Section 181 one more year to include projects with a starting date of principal photography on or before 12/31/2017. Section 168k2 projects will continue for the foreseeable future.
Streamline's unique portfolio of qualified films sets us apart and gives individuals a rare opportunity to acquire best of breed films and partake in the thriving US film and media economy.