To amend the Internal Revenue Code of 1986 to make permanent the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.
Latest action · Aug 9, 2007 Referred to the Subcommittee on Trade.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 3, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to make permanent the taxpayer election to expense qualified film and television production costs in the current taxable year.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Aug 3, 2007 to Dec 4, 2007, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CA | Wally Herger | Original | Aug 3, 2007 |
| D-NY | Carolyn McCarthy | Oct 15, 2007 | |
| R-CA | David Dreier | Oct 24, 2007 | |
| D-NY | Kirsten E. Gillibrand | Dec 4, 2007 |
Actions 4
Everything that happened, newest first.
- Aug 9, 2007Referred to the Subcommittee on Trade.
- Aug 3, 2007Introduced in House
- Aug 3, 2007Referred to the House Committee on Ways and Means.
- Aug 3, 2007Sponsor introductory remarks on measure. (CR 8/4/2007 E1744-1745)
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| 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. | Related bill | Nov 15, 2007 |
| HR 3951 | 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. | Related bill | Oct 24, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Aug 3, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.