H. R. 3931
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
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.
Extension of treatment of certain qualified film and television productions
Subsection (f) of
section 181 of the Internal Revenue Code of 1986 is amended by striking
December 31, 2009 and inserting
The amendment made by this section shall apply to qualified film and television productions commencing after December 31, 2009.