Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Support Theaters in America Growth
and Expansion Act'' or the ''STAGE Act''.

SEC. 2. EXPENSING OF QUALIFIED PRODUCTIONS.

(a) Extension.--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) Application to Live Productions.--
(1) In general.--Paragraph (1) of section 181(a) of the
Internal Revenue Code of 1986 is amended by inserting '', and
any qualified live theatrical production,'' after ''any
qualified film or television production''.
(2) Conforming amendments.--Section 181 of such Code is
amended--
(A) by inserting ''or any qualified live theatrical
production'' after ''qualified film or television
production'' each place it appears in subsections
(a)(2), (b), and (c),
(B) by inserting ''or qualified live theatrical
productions'' after ''qualified film or television
productions'' in subsection (f), and
(C) by inserting ''and live theatrical'' after
''film and television'' in the heading.
(c) Qualified Live Theatrical Production.--Section 181 of the
Internal Revenue Code of 1986 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 following new
subsection:
''(e) Qualified Live Theatrical Production.--For purposes of this
section--
''(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)).
''(2) Production.--
''(A) In general.--A production is described in
this paragraph if such production is a live staged
production of a play (with or without music) which is
derived from a written book or script and is produced
or presented by a commercial entity in any venue which
has an audience capacity of not more than 3,000 or a
series of 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
taxpayer, and
''(ii) which are--
''(I) separate phases (within the
meaning of section 469(g)(4)(B)) of a
production, or
''(II) separate simultaneous
stagings of the same production in
different geographical locations (not
including multiple performance
locations of any one touring
production),
each such live staged production shall be treated as a
separate production.
''(C) Exception.--A production is not described in
this paragraph if such production includes or consists
of any performance of conduct 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, 2013.
(2) Commencement.--For purposes of paragraph (1), 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.

SEC. 3. DISPOSITIONS OF INTEREST IN THEATRICAL PRODUCTIONS AS PASSIVE
ACTIVITY.

(a) In General.--Subsection (g) of section 469 of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:
''(4) Special rule for interest in qualified live
theatrical productions.--
''(A) In general.--In the case of an interest in a
qualified live theatrical production (as defined in
section 181(e)(1)) as a passive activity--
''(i) each phase of such production shall
be treated separately for purposes of this
subsection, and
''(ii) the termination of any phase of such
production in which the taxpayer holds an
interest as a passive activity shall be treated
as a disposition of such taxpayer's entire
interest in such passive activity.
''(B) Phase.--For purposes of subparagraph (A), 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 as a
separate activity by the taxpayer for all purposes of
this title:
''(i) The initial staging of a live
theatrical production.
''(ii) Subsequent additional stagings or
touring of such production which are produced
by the same producer as the initial staging.
''(iii) Disposition of copyrights,
licensing rights, or subsidiary rights in
connection with such production.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2013.
A:
Support Theaters in America Growth and Expansion Act or the STAGE Act - Amends the Internal Revenue Code, with respect to the expensing of the costs of qualified film and television productions, to: (1) extend through 2015 provisions allowing such expensing, (2) allow such expensing for the costs of certain live theatrical productions, and (3) provide for the tax treatment of dispositions of an interest in a live theatrical production as a passive activity.