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United States · Bill · HR

H.R. 4473 (100th)

A bill to amend the Internal Revenue Code of 1986 to exempt free lance authors, photographers, and artists from the capitalization rules added by the Tax Reform Act of 1986, and for other purposes.

openUnited States· United States Congress· EN

Introduced

27 April 1988

Last action

10 November 1988 · Committee

Status

Provisions of Measure Incorporated Into H.R.4333.

Sponsors

Rep. Downey, Thomas J. [D-NY-2], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Russo, Martin A. [D-IL-3], Rep. Matsui, Robert T. [D-CA-5], Rep. Moody, Jim [D-WI-5], Rep. Mrazek, Robert J. [D-NY-3], Rep. Hochbrueckner, George J. [D-NY-1], Rep. Collins, Cardiss [D-IL-7], Rep. Dellums, Ronald V. [D-CA-9], Rep. Hatcher, Charles [D-GA-2], Rep. Moakley, John Joseph [D-MA-9], Rep. Weiss, Ted [D-NY-17], Rep. Dornan, Robert K. [R-CA-46], Del. de Lugo, Ron [D-VI-At Large], Rep. Morrison, Bruce A. [D-CT-3], Rep. Lehman, William [D-FL-17], Rep. Lantos, Tom [D-CA-12], Rep. Waxman, Henry A. [D-CA-33], Rep. Bryant, John W. [D-TX-5], Rep. Wilson, Charles [D-TX-2], Sen. Campbell, Ben Nighthorse [R-CO], Rep. Hall, Tony P. [D-OH-3], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Slattery, Jim [D-KS-2], Rep. Towns, Edolphus [D-NY-10], Rep. Marlenee, Ron [R-MT-2], Rep. Williams, Pat [D-MT-At Large], Rep. Pelosi, Nancy [D-CA-11], Rep. Atkins, Chester G. [D-MA-5], Rep. Clay, William (Bill) [D-MO-1], Rep. Bustamante, Albert G. [D-TX-23], Sen. Boxer, Barbara [D-CA], Rep. Erdreich, Ben [D-AL-6], Rep. Levine, Mel [D-CA-27], Rep. Shays, Christopher [R-CT-4], Rep. Richardson, Bill [D-NM-3], Rep. Lowry, Mike [D-WA-7], Rep. Panetta, Leon [D-CA-16], Rep. Green, S. William [R-NY-15], Rep. Ballenger, Cass [R-NC-10], Rep. Guarini, Frank J. [D-NJ-14], Rep. Studds, Gerry E. [D-MA-10], Rep. Conte, Silvio O. [R-MA-1], Rep. Daub, Hal [R-NE-2], Rep. Frenzel, Bill [R-MN-3], Rep. Bentley, Helen Delich [R-MD-2], Rep. LaFalce, John J. [D-NY-29], Rep. Brown, George E., Jr. [D-CA-42]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that the income tax rules requiring cost capitalization shall not apply in connection with the qualified artistic work expenses of freelance writers, artists, and photographers. Excludes from qualified expenses those related to printing, photographic plates, motion picture films, video tapes, and similar items. Applies the same exemption with respect to qualified indirect costs of certain film producers, not including any direct costs of a motion picture film or video tape.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 April 1988

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 April 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 April 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 10 November 1988

    Committee

    Provisions of Measure Incorporated Into H.R.4333.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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