S 2375
110th Congress
Senate
Taxation
Arts, Culture, Religion
Commerce
Depreciation and amortization
Income tax
Motion pictures
Science, Technology, Communications
Tax deductions
Television industry
Television programs
A bill to amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses.
Introduced: November 15, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 2007
Read twice and referred to the Committee on Finance.
Nov 15, 2007
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to: (1) exclude participations and residuals from the dollar limitation on the taxpayer election to expense qualified film and television production costs; (2) allow amortization of costs ineligible for expensing; and (3) make such expensing election permanent.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1