S 364 114th Congress Senate

STAGE Act

Official title: A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to certain live theatrical performances, and for other purposes.

Introduced: February 4, 2015 See on congress.gov

Taxation Business expensesIncome tax deductionsIntellectual propertyPerforming arts

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 4, 2015

Read twice and referred to the Committee on Finance.

Feb 4, 2015

Introduced in Senate

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Latest action February 4, 2015

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

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 2016 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.

Related & companion bills 2