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Bihar, India, Offers Tax Break to Cinemas

The Indian state of Bihar's NDA government has decided to extend a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes.

"We have decided to encourage promoters giving a five-year tax holiday to multiplexes with at least three cinema halls, three year tax holiday to digital cinema halls and two year tax holiday for new entertainment complexes", says deputy chief minister-cum-finance minister Sushil Kumar Modi.

Maintaining that the condition of film halls left a lot to be desired, Modi says owners would get tax holiday and other incentives if they went in for renovation.

"The decision has been taken to give a much-needed boost to the entertainment sector in the state", he says.

Modi says the state would have a number of multiplexes in a year or two.