H.R. 3951 — To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses.

Summary

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.

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Related Legislation

H.R. 3389To amend the Internal Revenue Code of 1986 to make permanent the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.
2007-08-09Referred to the Subcommittee on Trade.
Related
S. 2375A bill to amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses.
2007-11-15Read twice and referred to the Committee on Finance.
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Legislative Actions

2007-10-24
Introduced in House
2007-10-24
Introduced in House
2007-10-24
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses.

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