Government releases producer tax offset review
Source: Australia. Assistant Treasurer and Minister for the Arts. Joint media release
"The Assistant Treasurer, the Hon Chris Bowen MP and Minister for the Arts, the Hon Peter Garrett MP, today (8/4/09) released the review into the refundable tax offsets contained in Division 376 of the Income Tax Assessment Act 1997. The review examined the impact of the film tax offsets, introduced in 2007, on levels of production by independent and in-house production by Australian television broadcasters.
The refundable tax offsets are designed to support and develop Australia's screen media industry by providing producers with tax offsets for their Australian expenditure when making films and television programs."