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

3.0.0 3951 2023-01-11T20:23:17Z 2023-01-11T20:23:17Z House H HR 2007-10-24 110 hswm00 Ways and Means Committee House Standing Referred to 2007-10-24T14:03:07Z To amend the Internal Revenue Code of 1986 to make permanent the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account. 110 3389 HR 2007-08-09 Referred to the Subcommittee on Trade. Related bill CRS A bill to amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses. 110 2375 S 2007-11-15 Read twice and referred to the Committee on Finance. Identical bill CRS 2007-10-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-10-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-24 Introduced in House IntroReferral 1000 9 Library of Congress B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 N N000181 Rep. Nunes, Devin [R-CA-21] Devin Nunes R CA 21 2007-10-24 True B001228 Rep. Bono, Mary [R-CA-45] Mary Bono R CA 45 2007-10-29 False H000323 Rep. Hastert, J. Dennis [R-IL-14] J. HASTERT R IL DENNIS 14 2007-10-30 False M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2007-10-31 False R000486 Rep. Roybal-Allard, Lucille [D-CA-34] LUCILLE ROYBAL-ALLARD D CA 34 2007-11-15 False B000410 Rep. Berman, Howard L. [D-CA-28] HOWARD BERMAN D CA L. 28 2007-12-05 False W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2007-12-06 False Taxation Arts, Culture, Religion Commerce Depreciation and amortization Income tax Motion pictures Science, Technology, Communications Tax deductions Television industry Television programs Taxation

00 2007-10-24 Introduced in House 2007-12-03T19:51:33Z Amends the Internal Revenue Code to: (1) exclude participations and residuals from the dollar limitation on the taxpayer election to expense qualified film and television production costs; (2) allow amortization of costs ineligible for expensing; and (3) make such expensing election permanent.

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To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses. Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses. Introduced in House IH Display Title To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses. Introduced in House 2007-10-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3951ih/xml/BILLS-110hr3951ih.xml 2007-10-24 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.