HR 4473
100th Congress
House
Taxation
Accounting
Art
Artists
Arts, Culture, Religion
Authors and authorship
Books
Communications and Broadcasting
Depreciation and amortization
Income tax
Motion pictures
Music
Photographers
Poetry
Tax deductions
Video tape recording
A bill to amend the Internal Revenue Code of 1986 to exempt free lance authors, photographers, and artists from the capitalization rules added by the Tax Reform Act of 1986, and for other purposes.
Introduced: April 27, 1988
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 10, 1988
Provisions of Measure Incorporated Into H.R.4333.
Apr 27, 1988
Referred to House Committee on Ways and Means.
Apr 27, 1988
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide that the income tax rules requiring cost capitalization shall not apply in connection with the qualified artistic work expenses of freelance writers, artists, and photographers. Excludes from qualified expenses those related to printing, photographic plates, motion picture films, video tapes, and similar items. Applies the same exemption with respect to qualified indirect costs of certain film producers, not including any direct costs of a motion picture film or video tape.
What's happening now
Provisions of Measure Incorporated Into H.R.4333.
Committees of jurisdiction
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