Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_181
Timestamp: 2019-10-18 23:41:58
Document Index: 386194663

Matched Legal Cases: ['§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181', '§ 181']

Internal Revenue Code, § 181. Treatment Of Certain Qualified Film And Television And Live Theatrical Productions
I.R.C. § 181(a) Election To Treat Costs As Expenses
I.R.C. § 181(a)(1) In General —
I.R.C. § 181(a)(2) Dollar Limitation
I.R.C. § 181(a)(2)(A) In General —
I.R.C. § 181(a)(2)(B) Higher Dollar Limitation For Productions In Certain Areas —
I.R.C. § 181(a)(2)(B)(i) —
I.R.C. § 181(a)(2)(B)(ii) —
a distressed county or isolated area of distress by the Delta Regional Authority established under section 2009aa-1 of title 7, United States Code,
I.R.C. § 181(b) No Other Deduction Or Amortization Deduction Allowable —
I.R.C. § 181(c) Election
I.R.C. § 181(c)(1) In General —
I.R.C. § 181(c)(2) Revocation Of Election —
I.R.C. § 181(d) Qualified Film Or Television Production —
I.R.C. § 181(d)(1) In General —
I.R.C. § 181(d)(2) Production
I.R.C. § 181(d)(2)(A) In General —
I.R.C. § 181(d)(2)(B) Special Rules For Television Series —
I.R.C. § 181(d)(2)(B)(i) —
I.R.C. § 181(d)(2)(B)(ii) —
I.R.C. § 181(d)(2)(C) Exception —
I.R.C. § 181(d)(3) Qualified Compensation —
I.R.C. § 181(d)(3)(A) In General —
I.R.C. § 181(d)(3)(B) Participations And Residuals Excluded —
I.R.C. § 181(e) Qualified Live Theatrical Production —
I.R.C. § 181(e)(1) In General —
The term “qualified live theatrical production” means any production described in paragraph (2) if 75 percent of the total compensation of the production is qualified compensation (as defined in subsection (d)(3)).
I.R.C. § 181(e)(2) Production
I.R.C. § 181(e)(2)(A) In General —
I.R.C. § 181(e)(2)(B) Touring Companies, Etc. —
I.R.C. § 181(e)(2)(B)(i) —
for which the election under this section would be allowable to the same taxpayer, and
I.R.C. § 181(e)(2)(B)(ii) —
I.R.C. § 181(e)(2)(B)(ii)(i) —
separate phases of a production, or
I.R.C. § 181(e)(2)(B)(ii)(II) —
separate simultaneous stagings of the same production in different geographical locations (not including multiple performance locations of any one touring production),
I.R.C. § 181(e)(2)(C) Phase —
For purposes of subparagraph (B), the term “phase” with respect to any qualified live theatrical production refers to each of the following, but only if each of the following is treated by the taxpayer as a separate activity for all purposes of this title:
I.R.C. § 181(e)(2)(C)(i) —
The initial staging of a live theatrical production.
I.R.C. § 181(e)(2)(C)(ii) —
Subsequent additional stagings or touring of such production which are produced by the same producer as the initial staging.
I.R.C. § 181(e)(2)(D) Seasonal Productions
I.R.C. § 181(e)(2)(D)(i) In General —
In the case of a live staged production not described in subparagraph (B) which is produced or presented by a taxable entity for not more than 10 weeks of the taxable year, subparagraph (A) shall be applied by substituting “6,500” for “3,000”.
I.R.C. § 181(e)(2)(D)(ii) Short Taxable Years —
I.R.C. § 181(e)(2)(E) Exception —
I.R.C. § 181(f) Application Of Certain Other Rules —
I.R.C. § 181(g) Termination —
(Added by Pub. L. 108-357, title II, Sec. 244(a), Oct. 22, 2004, 118 Stat. 1418; amended by Pub. L. 109-135, title IV, Sec. 403(e)(1), Dec. 21, 2005, 119 Stat. 2577; Pub. L. 110-343, div. C, title V, Sec. 502, Oct. 3, 2008, 122 Stat. 3765; Pub. L. 111-312, Sec. 744, Dec. 17. 2010, 124 Stat. 3296; Pub. L. 112-240, title III, Sec. 317, Jan. 2, 2013, 126 Stat. 2313; Pub. L. 113-295, Div. A, title I, Sec. 129(a), Dec. 19, 2014, 128 Stat. 4010; Pub. L. 114-113, Div. Q, title I, Sec. 169, Dec. 18, 2015; Pub. L. 115-123, Div. D, title I, Sec. 40308(a), Feb. 9, 2018, 132 Stat 64.)
2018 - Subsec. (g). Pub. L. 115-123, Sec. 40308(a), amended subsec. (g) by substituting “December 31, 2017” for “December 31, 2016.”
2015 - Pub. L. 114-113, Div. Q, Sec. 169(b)(2)(C), amended the heading for Sec. 181 by inserting “AND LIVE THEATRICAL” after “FILM AND TELEVISION”.
Subsec. (a)(1). Pub. L. 114-113, Div. Q, Sec. 169(b)(1), amended par. (1) by inserting “, and any qualified live theatrical production,” after “any qualified film or television production”.
Subsec. (a)(2). Pub. L. 114-113, Div. Q, Sec. 169(b)(2)(A), amended par. (2) by inserting “or any qualified live theatrical production” after “qualified film or television production” each place it appeared.
Subsec. (b). Pub. L. 114-113, Div. Q, Sec. 169(b)(2)(A), amended subsec. (b) by inserting “or any qualified live theatrical production” after “qualified film or television production” each place it appeared.
Subsec. (c)(1). Pub. L. 114-113, Div. Q, Sec. 169(b)(2)(A), amended par. (1) by inserting “or any qualified live theatrical production” after “qualified film or television production” each place it appeared.
Subsec. (f). Pub. 114-113 Div. Q, Sec. 169(a), amended subsec. (f) by substituting “December 31, 2016” for “December 31, 2014”.
Subsec. (f). Pub. L. 114-113, Div. Q, Sec. 169(b)(2)(B), amended subsec. (f) by inserting “or qualified live theatrical productions” after “qualified film or televisions productions”.
Subsec. (e)-(g). Pub. L. 114-113, Div. Q, Sec. 169(c), redesignating subsec. (e) and (f) as subsec. (f) and (g), respectively, and added a new subsec. (e).
2014 - Subsec. (f). Pub. L. 113-295, Sec. 129(a), amended subsec. (f) by substituting “December 31, 2014” for “December 31, 2013”.
2013 - Subsec. (f). Pub. L. 112-240, Sec. 317(a), amended subsec. (f) by substituting “December 31, 2013” for “December 31, 2011”.
2010 - Subsec. (f). Pub. L. 111-312, Sec. 744(a), amended subsec. (f) by substituting “December 31, 2011” for “December 31, 2009”.
2008 - Subsec. (a)(2)(A). Pub. L. 110-343, Div. C, Sec. 502(b), amended subpar. (A). Before amendment it read as follows:
“(A) In General.— Paragraph (1) shall not apply to any qualified film or television production the aggregate cost of which exceeds $15,000,000.”
Subsec. (d)(3)(A). Pub. L. 110-343, Div. C, Sec. 502(d), amended subpar. (A) by substituting “actors, production personnel, directors, and producers” for “actors, directors, producers, and other relevant production personnel.”.
Subsec. (f). Pub. L. 110-343, Div. C, Sec. 502(a), amended subsec. (f) by substituting “December 31, 2009” for “December 31, 2008”.
2005 - Subsec. (d)(2)(A). Pub. L. 109-135, Sec. 403(e)(1), amended subpar. (A) by striking the last sentence. Before being struck, it read as follows: “For purposes of a television series, only the first 44 episodes of such series may be taken into account.”
Subsec. (d)(2)(B)-(C). Pub. L. 109-135, Sec. 403(e)(1), amended par. (2) by redesignating subpar. (B) as subpar. (C) and added a new subpar. (B).
Amendment by Pub. L. 115-123, Sec. 40308(a), effective for productions commencing after December 31, 2016.
Amendments by Pub. L. 114-113, Div. Q, Sec. 169(a), effective for productions commencing after December 31, 2014.
Amendments by Pub. L. 114-113, Div. Q, Sec. 169(b) and (c), effective for productions commencing after December 31, 2015.
Sec. 169(d)(2)(B) of Pub. L. 114-113, Div. Q, provided the following:
“(2)(B) COMMENCEMENT.—For purposes of subparagraph (A), the date on which a qualified live theatrical production commences is the date of the first public performance of such production for a paying audience.”
Amendment by Sec. 129 of Pub. L. 113-295 effective for productions commencing after December 31, 2013.
Amendment by Sec. 317 of Pub. L. 112-240 effective for productions commencing after December 31, 2011.
Amendment by Sec. 744 of Pub. L. 111-312 effective for productions commencing after December 31, 2009.
Amendments by Div. C, Sec. 502 of Pub. L. 110-343 effective for qualified film and television productions commencing after December 31, 2007.
Amendments by Sec. 403(e)(1) of Pub. L. 109-135 effective as if included in the provisions of the American Jobs Creation Act of 2004 [Pub. L. 108-358, Sec. 244] to which they relate.
Effective for qualified film and television productions (as defined in section 181(d)(1) of the Internal Revenue Code of 1986, as added by Sec. 244 of Pub. L. 108-357) commencing after the date of the enactment of this Act [Enacted: Oct. 22, 2004].