The "Fiscal Cliff" bill includes the following pork:
•
$430 million for Hollywood through “special expensing rules” to encourage TV and film
production in the United States. Producers can expense up to $15 million
of costs for their projects.
•
$331 million for railroads by allowing short-line and regional operators to claim a tax
credit up to 50 percent of the cost to maintain tracks that they own or lease.
•
$222 million for Puerto
Rico and the Virgin Islands through returned excise
taxes collected by the federal government on rum produced in the islands and
imported to the mainland.
•
$70 million for NASCAR by extending a “7-year cost recovery period for certain
motorsports racing track facilities.”
•
$59 million for algae
growers through tax credits to encourage
production of “cellulosic biofuel” at up to $1.01 per gallon.
•
$4 million for electric
motorcycle makers by expanding an existing
green-energy tax credit for buyers of plug-in vehicles to include electric
motorbikes.
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