Summary: H.R.3951 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.3951. Bill summaries are authored by CRS.

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Introduced in House (10/24/2007)

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.