Text: H.R.3931 — 111th Congress (2009-2010)All Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in House (10/26/2009)


111th CONGRESS
1st Session
H. R. 3931


To amend the Internal Revenue Code of 1986 to extend for 2 years the election to treat the cost of a qualified film or television production as an expense which is not chargeable to a capital account.


IN THE HOUSE OF REPRESENTATIVES

October 26, 2009

Ms. Watson (for herself, Mrs. Napolitano, Ms. Chu, Mr. Filner, Mrs. Capps, Mr. Baca, Ms. Roybal-Allard, Mrs. Bono Mack, Mr. Farr, Mr. Honda, Mr. Issa, Mr. Sherman, Ms. Woolsey, and Mrs. Davis of California) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to extend for 2 years the election to treat the cost of a qualified film or television production as an expense which is not chargeable to a capital account.

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

SECTION 1. Extension of treatment of certain qualified film and television productions.

(a) In general.—Subsection (f) of section 181 of the Internal Revenue Code of 1986 is amended by striking “December 31, 2009” and inserting “December 31, 2011”.

(b) Effective date.—The amendment made by this section shall apply to qualified film and television productions commencing after December 31, 2009.