[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2720 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2720

   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

                              June 4, 2009

Mr. Crowley (for himself and Mr. Dreier) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 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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