A bill to amend the Internal Revenue Code of 1954 to provide for an investment tax credit for theatrical productions.
Theatrical Production Investment Tax Credit Act of 1980 - Amends the Internal Revenue Code to allow an investment tax credit for costs related to a theatrical production. Includes within the term "theatrical production" plays, musicals, operas, or ballets, in a commercial theater before a live audience. Specifies that a taxpayer may claim a tax credit for such a production only to the extent that he has an ownership interest in it.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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