A bill to amend the Internal Revenue Code of 1986 to repeal the capitalization rules for freelance writers, artists, and photographers.

Summary

Amends the Internal Revenue Code to provide that the income tax rules requiring cost capitalization shall not apply to 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.

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

Timeline

1. 29 April 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 29 April 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 April 1988

  Open at official source

Sponsors

• Sen. Domenici, Pete V. [R-NM] · R · Sponsor
• Sen. Bingaman, Jeff [D-NM] · D · Sponsor
• Sen. Wilson, Pete [R-CA] · R · Cosponsor
• Sen. Kerry, John F. [D-MA] · D · Cosponsor
• Sen. Burdick, Quentin N. [D-ND] · D · Cosponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Melcher, John [D-MT] · D · Cosponsor
• Sen. Heflin, Howell [D-AL] · D · Cosponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Cosponsor
• · ssfi00 · Standing

Related records

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