[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3389 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3389

   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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 3, 2007

Mr. Crowley (for himself and Mr. Herger) 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 make permanent 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. EXPENSING OF QUALIFIED FILM AND TELEVISION PRODUCTION COSTS 
              MADE PERMANENT.

    Section 181 of the Internal Revenue Code of 1986 (relating to 
treatment of certain qualified film and television productions) is 
amended by striking subsection (f).
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