Amends the Internal Revenue Code to extend through 2011 the taxpayer election to expense qualified film or television production costs in the current taxable year.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3931 Introduced in House (IH)]
111th CONGRESS
1st Session
H. R. 3931
To amend the Internal Revenue Code of 1986 to extend for 2 years the
election to treat the cost of a qualified film or television production
as an expense which is not chargeable to a capital account.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 26, 2009
Ms. Watson (for herself, Mrs. Napolitano, Ms. Chu, Mr. Filner, Mrs.
Capps, Mr. Baca, Ms. Roybal-Allard, Mrs. Bono Mack, Mr. Farr, Mr.
Honda, Mr. Issa, Mr. Sherman, Ms. Woolsey, and Mrs. Davis of
California) introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to extend for 2 years the
election to treat the cost of a qualified film or television production
as an expense which is not chargeable to a capital account.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXTENSION OF TREATMENT OF CERTAIN QUALIFIED FILM AND
TELEVISION PRODUCTIONS.
(a) In General.--Subsection (f) of section 181 of the Internal
Revenue Code of 1986 is amended by striking ``December 31, 2009'' and
inserting ``December 31, 2011''.
(b) Effective Date.--The amendment made by this section shall apply
to qualified film and television productions commencing after December
31, 2009.
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Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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