United States · Bill · S
S. 2664 (100th)
A bill to amend the Internal Revenue Code of 1986 to exempt from the capitalization rules certain expenses of producers of creative property.
Introduced
28 July 1988
Last action
—
Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 28 July 1988
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/2664
- Open data entity: https://api.congress.gov/v3/bill/100/s/2664