118th Congress · HOUSE BILLBILL

H.R. 376 — Puerto Rico Film, Television, and Theatre Production Act of 2023

“To amend the Internal Revenue Code of 1986 to allow accelerated depreciation of certain qualified film and television and live theatrical productions in Puerto Rico.”

Taxation

Introduced Jan 17, 2023

Last action Jan 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 17, 2023

Step 2

Referred

Jan 17, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill extends the expensing provisions for film, television, and theater productions to productions in Puerto Rico. (Expensing permits the write-off of property costs in the current taxable year rather than amortizing such costs over a period of years.)

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 17, 2023

Introduced in House

Jan 17, 2023

Referred to the House Committee on Ways and Means.