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S 2375 110th Congress Senate

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
Taxation Arts, Culture, ReligionCommerceDepreciation and amortizationIncome tax
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Motion picturesScience, Technology, CommunicationsTax deductionsTelevision industryTelevision programs
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action November 15, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 3389 Related bill To amend the Internal Revenue Code of 1986 to make permanent the election to treat the cost of qualified film and telev…
  • HR 3951 Identical bill To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualifie…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Nov 15, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2375: 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.. 110th Congress. Open America. https://openamerica.io/bill/110-S-2375/
MLA
"S. 2375: 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.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2375/.
Bluebook (legal)
S. 2375, 110th Cong. (2026), https://openamerica.io/bill/110-S-2375/.
Markdown link
[S. 2375: 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.](https://openamerica.io/bill/110-S-2375/)
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