[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3343 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3343

 To amend the Internal Revenue Code of 1986 to make permanent the rule 
   providing 5-year amortization of expenses incurred in creating or 
                  acquiring music or music copyrights.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 3, 2011

    Mrs. Blackburn (for herself, Mr. Cooper, Mrs. Black, Mr. Roe of 
 Tennessee, Mr. Fleischmann, Mr. Fincher, Mr. Griffin of Arkansas, Mr. 
    Gohmert, Mr. Guthrie, Mr. Cohen, and Mr. Shuler) 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 rule 
   providing 5-year amortization of expenses incurred in creating or 
                  acquiring music or music copyrights.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Songwriters Tax Simplification 
Reauthorization Act''.

SEC. 2. SPECIAL RULE FOR AMORTIZATION OF MUSICAL WORKS AND COPYRIGHTS 
              MADE PERMANENT.

    (a) In General.--Paragraph (8) of section 167(g) of the Internal 
Revenue Code of 1986 is amended by striking subparagraph (E).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2010.
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