By Luiza Moscoso, Contributing Reporter

RIO DE JANEIRO - The Law Rouanet (law nr. 8313,) responsible for establishing how cultural funding is done in Brazil, has been updated by the Ministry of Culture.

If the renewed bill is approved in the National Congress, the way Brazilian cultural projects, including films, have been funded for the last 18 years is going to change drastically.

Since 1991, when the Law Rouanet went into effect, 73% of the funding for cultural projects has come from individual, and mostly corporate, tax waivers. To be eligible for public funding, cultural projects have to be approved by . . .

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