Facilitating Investments in Local Markets Act of 2017

H.R. 2450 · 115th Congress · May 16, 2017 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to extend the special expensing rules for certain film, television, and live theatrical productions.

Section 1 Short title

This Act may be cited as the “Facilitating Investments in Local Markets Act of 2017” or the “FILM Act of 2017”.

Sec. 2 Extension of special expensing rules for certain film, television, and live theatrical productions

(a)

In general— Section 181(g) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2016” and inserting “December 31, 2018”.

(b)

Effective dates—

(1)

In general— The amendments made by this section apply to productions commencing after December 31, 2016.

(2)

Commencement— 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.

Lineage

May 16, 2017viewing Introduced in House 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

Facilitating Investments in Local Markets Act of 2017

Section 1 Short title

Sec. 2 Extension of special expensing rules for certain film, television, and live theatrical productions

Cite this provision

Incoming references