Acton, MA (PRWEB) October 1, 2008
Bob Dorfman, president of Dorfman Capital, announces the completion of a 25% Massachusetts film tax credit sale for Automotive Networks Corporation, dba WheelsTV, relating to the production of the award winning television and Internet series, Top 200 Video Test Drives. This series has been airing on cable television services and web portals for over two years and reaches a total of over 20 million viewers. It covers the most popular new vehicles available for sale and provides detailed information important to consumers including fuel economy, performance, pricing and warranties. Jim Barisano, Chairman of WheelsTV (located in Acton, MA) said, "The MA film tax credits have made it possible for WheelsTV to expand production in Massachusetts and offer additional television programs designed to help consumers purchase their vehicles."
Producers and filmmakers, who either produce at least half of their movie or spend at least half of their production budget in the Massachusetts are eligible for a tax credit equal to 25 percent of their total spending in Massachusetts,
Nicholas Paleologos, Executive Director of the Massachusetts Film Office said, "This project is a great example of how the MA film tax credit program is not just for big Hollywood moguls. With the spending threshold lowered to $50,000 and with 'digital media projects' now eligible, Massachusetts has now extended the benefits of the film tax credit to thousands of locally based, small independent and documentary filmmakers -- key elements of our Creative Economy."
About Dorfman Capital
Dorfman Capital specializes in the sale of federal and state tax credits for historic rehabilitation projects and film productions. These tax credits are an integral component of the financing for these projects and productions.