skip to main content

H.R. 3943 (116th): Puerto Rico Film, Television, and Theatre Production Act of 2019


The text of the bill below is as of Jul 24, 2019 (Introduced). The bill was not enacted into law.


I

116th CONGRESS

1st Session

H. R. 3943

IN THE HOUSE OF REPRESENTATIVES

July 24, 2019

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow accelerated depreciation of certain qualified film and television and live theatrical productions in Puerto Rico.

1.

Short title

This Act may be cited as the Puerto Rico Film, Television, and Theatre Production Act of 2019.

2.

Accelerated depreciation for certain qualified film and television and live theatrical productions in Puerto Rico

(a)

In general

Section 181(d)(3)(A) of the Internal Revenue Code of 1986 is amended by inserting (including Puerto Rico) after United States.

(b)

Effective date

The amendment made by this section shall take effect as if included in section 13201 of Public Law 115–97.

(c)

Cross reference

For application of accelerated depreciation to qualified film or television productions and qualified live theatrical productions (as defined in section 181 of the Internal Revenue Code of 1986, as amended by this section), see section 168(k)(2)(A) of the Internal Revenue Code of 1986.