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enue Code that allows a current deduction for the cost of “qualified film or television productions” in the year of the expenditure. For any qualified film or television production that commences before January 1, 2010, a taxpayer may elect to deduct expenses in an amount not to exceed an aggregate cost of ,000,000. The limitation is increased to ,000,000 if a significant amount of the production expenditures are incurred in areas eli…

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