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.

Bill: 113-hr-3242
Sponsor: full_name: Rep. Titus, Dina [D-NV-1]
Introduced: 2013-10-03
Policy area: Taxation
Subjects: Business investment and capital

Income tax deductions

Television and film
Latest action: action_date: 2013-10-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-10-03
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to extend through 2015 the taxpayer election to expense qualified film or television production costs in the current taxable year.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 3242 IN THE HOUSE OF REPRESENTATIVES October 3, 2013 Ms. Titus 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, 2013 and inserting December 31, 2015 . (b) Effective date The amendment made by this section shall apply to productions commencing after December 31, 2013.