There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
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.