To amend the Internal Revenue Code of 1986 to extend the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.

Amends the Internal Revenue Code to extend through 2015 the taxpayer election to expense qualified film or television production costs in the current taxable year.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3242 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 3242

 To amend the Internal Revenue Code of 1986 to extend the election to 
   treat the cost of qualified film and television productions as an 
          expense which is not chargeable to capital account.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2013

  Ms. Titus 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 the election to 
   treat the cost of qualified film and television productions as an 
          expense which is not chargeable to capital account.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TWO-YEAR EXTENSION OF SPECIAL EXPENSING RULES FOR CERTAIN 
              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, 2013'' and 
inserting ``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to productions commencing after December 31, 2013.
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