I 111th CONGRESS 1st Session H. R. 3931 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.

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.