Under the old tax regime, producers could deduct the costs of large projects only gradually over the many years that they typically bring in revenue. In the final version of the tax bill, total production costs, which can exceed $100 million for big-budget blockbusters, can be deducted as soon as a new product is released to the public. The benefit is set to phase out starting in 2023.

Source: Los Angeles Times May 03, 2018 21:22 UTC