S.2375: A bill to amend the Internal Revenue Code of 1986 to modify and make permanent the election to treat certain costs of qualified film and television productions as expenses.

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about taxation
  • Introduced Nov. 15, 2007
  • Latest Major Action Nov. 15, 2007

Bill Summary

Amends the Internal Revenue Code to: (1) exclude participations and residuals from the dollar limitation on the taxpayer election to expense qualified film and television production costs; (2) allow amortization of costs ineligible for expensing; and (3) make such expensing election permanent.

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
Nov. 15, 2007

Introduced in the Senate by Blanche Lincoln (D-Ark.)

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