H. R. 5793
IN THE HOUSE OF REPRESENTATIVES
May 17, 2012
Mr. Dreier (for himself and Mr. Berman) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to extend the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.
Two-year extension of special expensing rules for certain film and television productions
Subsection (f) of
section 181 of the Internal Revenue Code of 1986 is amended by striking
December 31, 2011 and inserting
The amendment made by this section shall apply to productions commencing after December 31, 2011.