HR 4736
108th Congress
House
Taxation
Arts, Culture, Religion
Commerce
Finance and Financial Sector
Government Operations and Politics
Income tax
Investments
Motion pictures
Tax deductions
Independent Film Small Business Job Creation Act of 2004
Introduced: June 25, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2004
Referred to the House Committee on Ways and Means.
Jun 25, 2004
Introduced in House
Plain-English summary
Independent Film Small Business Job Creation Act of 2004 - Amends the Internal Revenue Code to allow a tax deduction for expenditures relating to the production, promotion and distribution of U.S. independent motion picture films with budgets between $2 and $20 million (adjusted for inflation). Requires that not less than 95 percent of the wages or self-employment income paid for producing such films be for services provided within the United States or its possessions. Requires the recapture as income of amounts deducted if a production company ceases to qualify as an independent film production company.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1