I 112th CONGRESS 2d Session H. R. 5793 IN THE HOUSE OF REPRESENTATIVES May 17, 2012 Mr. Dreier (for himself and Mr. Berman) 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 the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.

1.

Two-year extension of special expensing rules for certain 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, 2011 and inserting December 31, 2013. (b)

Effective date

The amendment made by this section shall apply to productions commencing after December 31, 2011.