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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Lift Investment in Film, Television, and Theater Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions, and for other purposes.

Actions Overview (1)

06/28/2017Introduced in Senate

All Actions (1)

06/28/2017Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Schumer, Charles E. [D-NY]* 06/28/2017
Sen. Isakson, Johnny [R-GA]* 06/28/2017
Sen. Cardin, Benjamin L. [D-MD]* 06/28/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance06/28/2017 Referred to

As of 11/18/2018 no related bill information has been received for S.1469 - LIFTT Act.

Subjects (6)

Latest Summary (1)

There is one summary for S.1469. View summaries

Shown Here:
Introduced in Senate (06/28/2017)

Lift Investment in Film, Television, and Theater Act or the LIFTT Act

This bill amends the Internal Revenue Code to permanently extend provisions that allow taxpayers to elect to expense the costs of qualified film, television, and live theatrical productions.

The bill also modifies the rules for electing to expense the costs. Under current law, an election to expense the costs of a film, television, or live theatrical production must be made by the due date for filing a tax return for the year in which the costs are first incurred. With respect to live theatrical productions, the bill modifies the rule to require an election to be made by the due date for filing a tax return for the taxable year in which the production holds its first public performance for a paying audience.