[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3943 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 3943

    To amend the Internal Revenue Code of 1986 to allow accelerated 
    depreciation of certain qualified film and television and live 
                 theatrical productions in Puerto Rico.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 24, 2019

Miss Gonzalez-Colon of Puerto Rico introduced the following bill; which 
            was referred to the Committee on Ways and Means

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                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to allow accelerated 
    depreciation of certain qualified film and television and live 
                 theatrical productions in Puerto Rico.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Puerto Rico Film, Television, and 
Theatre Production Act of 2019''.

SEC. 2. ACCELERATED DEPRECIATION FOR CERTAIN QUALIFIED FILM AND 
              TELEVISION AND LIVE THEATRICAL PRODUCTIONS IN PUERTO 
              RICO.

    (a) In General.--Section 181(d)(3)(A) of the Internal Revenue Code 
of 1986 is amended by inserting ``(including Puerto Rico)'' after 
``United States''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 13201 of Public Law 115-97.
    (c) Cross Reference.--For application of accelerated depreciation 
to qualified film or television productions and qualified live 
theatrical productions (as defined in section 181 of the Internal 
Revenue Code of 1986, as amended by this section), see section 
168(k)(2)(A) of the Internal Revenue Code of 1986.
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