[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2258 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 2258

 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 SENATE OF THE UNITED STATES

                             March 29, 2012

 Ms. Snowe (for herself, Ms. Landrieu, Mrs. Hutchison, Mrs. Boxer, Mr. 
  Alexander, and Mr. Corker) introduced the following bill; which was 
          read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 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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