Section 1.181-0 - Table of contentsThis section lists the table of contents for §§ 1.181-1 through 1.181-6 .
§ 1.181-1 Deduction for qualified film and television production costs.(a) Deduction. (4) Aggregate production costs.(5) Pre-amendment production.(6) Post-amendment production.(7) Initial release or broadcast.(b) Limit on amount of aggregate production costs and amount of deduction.(1) In general. (i) Pre-amendment production.(ii) Post-amendment production.(2) Higher limit for productions in certain areas.(ii) Significantly paid or incurred for live action productions.(iii) Significantly paid or incurred for animated productions.(iv) Significantly paid or incurred for productions incorporating both live action and animation.(v) Establishing qualification.(c) Effect on depreciation or amortization of a qualified film or television production. (1) Pre-amendment production.(2) Post-amendment production.§ 1.181-2 Election to deduct production costs.(b) Time of making election. (c) Manner of making election. (2) Information required. (ii) Subsequent taxable years.(3) Deductions by more than one person.(d) Revocation of election.§ 1.181-3 Qualified film or television production.(b) Production. (2) Special rules for television productions.(3) Exception for certain sexually explicit productions.(d) Qualified compensation.(e) Special rule for acquired productions.(f) Other definitions. (2) Production personnel.§ 1.181-4 Special rules. (a) Recapture. (2) Principal photography not commencing prior to the date of expiration of section 181.(b) Recapture under section 1245.§ 1.181-6 Effective/applicability date. (b) Pre-effective date productions.T.D. 9551, 76 FR 60724 , Sept. 30, 2011, as amended by T.D. 9603, 77 FR 72924 , Dec. 7, 2012