I 
114TH CONGRESS 
1ST SESSION H. R. 2405 
To amend the Internal Revenue Code of 1986 to extend the special expensing 
rules for certain film and television productions and to provide for special 
expensing for live theatrical productions. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 19, 2015 
Mr. COLLINS of Georgia (for himself, Mr. CROWLEY, Mr. SMITH of Missouri, 
Ms. LINDA T. SA´NCHEZ of California, Mr. SCHIFF, Mr. COLLINS of New 
York, and Ms. LORETTA SANCHEZ 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 
the special expensing rules for certain film and television 
productions and to provide for special expensing for live 
theatrical productions. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Facilitating Invest-
ments in Local Markets Act’’ or the ‘‘FILM Act’’. 
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of subchapter B of chapter 1 of such Code is amend-
ed to read as follows: 
‘‘Sec. 181. Treatment of certain qualified film and television and live theatrical 
productions.’’. 
(c) QUALIFIED LIVE THEATRICAL PRODUCTION.— 
Section 181 of such Code is amended— 
(1) by redesignating subsections (e) and (f), as 
amended by subsections (a) and (b), as subsections 
(f) and (g), respectively, and 
(2) by inserting after subsection (d) the fol-
lowing new subsection: 
‘‘(e) QUALIFIED LIVE THEATRICAL PRODUCTION.— 
For purposes of this section— 
‘‘(1) IN
GENERAL.—The term ‘qualified live 
theatrical production’ means any production de-
scribed in paragraph (2) if 75 percent of the total 
compensation of the production is qualified com-
pensation (as defined in subsection (d)(3)). 
‘‘(2) PRODUCTION.— 
‘‘(A) IN GENERAL.—A production is de-
scribed in this paragraph if such production is 
a live staged production of a play (with or with-
out music) which is derived from a written book 
or script and is produced or presented by a tax-
able entity in any venue which has an audience 
capacity of not more than 3,000 or a series of 
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venues the majority of which have an audience 
capacity of not more than 3,000. 
‘‘(B) TOURING COMPANIES, ETC.—In the 
case of multiple live staged productions— 
‘‘(i) for which the election under this 
section would be allowable to the same tax-
payer, and 
‘‘(ii) which are— 
‘‘(I) separate phases of a produc-
tion, or 
‘‘(II) separate simultaneous stag-
ings of the same production in dif-
ferent geographical locations (not in-
cluding multiple performance locations 
of any one touring production), 
each such live staged production shall be treat-
ed as a separate production. 
‘‘(C) PHASE.—For purposes of subpara-
graph (B), the term ‘phase’ with respect to any 
qualified live theatrical production refers to 
each of the following, but only if each of the fol-
lowing is treated by the taxpayer as a separate 
activity for all purposes of this title: 
‘‘(i) The initial staging of a live theat-
rical production. 
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‘‘(ii) Subsequent additional stagings 
or touring of such production which are 
produced by the same producer as the ini-
tial staging. 
‘‘(D) EXCEPTION.—A production is not de-
scribed in this paragraph if such production in-
cludes or consists of any performance of con-
duct described in section 2257(h)(1) of title 18, 
United States Code.’’. 
(d) EFFECTIVE DATES.— 
(1) IN GENERAL.—The amendments made by 
this section shall apply to productions commencing 
after December 31, 2014. 
(2) COMMENCEMENT.—For purposes of para-
graph (1), the date on which a qualified live theat-
rical production commences is the date of the first 
public performance of such production for a paying 
audience. 
Æ 
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