H. R. 2450
IN THE HOUSE OF REPRESENTATIVES
May 16, 2017
Mr. Collins of Georgia (for himself, Mr. Crowley, Mr. Smith of Missouri, Ms. Sánchez, Ms. Judy Chu of California, Mr. Donovan, Mr. Nadler, Mr. Carter of Georgia, Mr. Long, Mr. Correa, Mr. Collins of New York, and Ms. Meng) 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 special expensing rules for certain film, television, and live theatrical productions.
This Act may be cited as the
Facilitating Investments in Local Markets Act of 2017 or the
FILM Act of 2017.
Extension of special expensing rules for certain film, television, and live theatrical productions
Section 181(g) of the Internal Revenue Code of 1986 is amended by striking
December 31, 2016 and inserting
December 31, 2018.
The amendments made by this section apply to productions commencing after December 31, 2016.
For purposes of paragraph (1), the date on which a qualified live theatrical production commences is the date of the first public performance of such production for a paying audience.