[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1326 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1326

To amend the Internal Revenue Code of 1986 to extend and 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

                             July 18, 2013

 Ms. Landrieu (for herself, Mrs. Boxer, Mr. Corker, and Mr. Alexander) 
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 extend and 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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