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New film tax credit rates give industry certainty and protect taxpayers

It was announced, yesterday, that starting in October, 2016, the basic production services tax credit rate will be 28%, which is 5 points lower than the current rate. The digital animation or visual effects (DAVE) tax credit rate will be reduced 1.5 points to 16%.

TV series that begin shooting before October 1st will be grandfathered under the current rate for one season. 
 
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