| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 376 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to allow accelerated deprecia- |
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| 6 | 6 | | tion of certain qualified film and television and live theatrical productions |
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| 7 | 7 | | in Puerto Rico. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | JANUARY17, 2023 |
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| 10 | 10 | | Mrs. G |
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| 11 | 11 | | ONZA´LEZ-COLO´Nintroduced the following bill; which was referred to |
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| 12 | 12 | | the Committee on Ways and Means |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Internal Revenue Code of 1986 to allow accel- |
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| 15 | 15 | | erated depreciation of certain qualified film and television |
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| 16 | 16 | | and live theatrical productions in Puerto Rico. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Puerto Rico Film, Tel-4 |
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| 21 | 21 | | evision, and Theatre Production Act of 2023’’. 5 |
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| 22 | 22 | | VerDate Sep 11 2014 23:15 Jan 27, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H376.IH H376 |
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| 23 | 23 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 24 | 24 | | •HR 376 IH |
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| 25 | 25 | | SEC. 2. ACCELERATED DEPRECIATION FOR CERTAIN 1 |
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| 26 | 26 | | QUALIFIED FILM AND TELEVISION AND LIVE 2 |
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| 27 | 27 | | THEATRICAL PRODUCTIONS IN PUERTO 3 |
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| 28 | 28 | | RICO. 4 |
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| 29 | 29 | | (a) I |
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| 30 | 30 | | NGENERAL.—Section 181(d)(3)(A) of the Inter-5 |
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| 31 | 31 | | nal Revenue Code of 1986 is amended by inserting ‘‘(in-6 |
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| 32 | 32 | | cluding Puerto Rico)’’ after ‘‘United States’’. 7 |
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| 33 | 33 | | (b) E |
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| 34 | 34 | | FFECTIVEDATE.—The amendment made by 8 |
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| 35 | 35 | | this section shall take effect as if included in section 9 |
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| 36 | 36 | | 13201 of Public Law 115–97. 10 |
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| 37 | 37 | | (c) C |
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| 38 | 38 | | ROSSREFERENCE.—For application of acceler-11 |
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| 39 | 39 | | ated depreciation to qualified film or television productions 12 |
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| 40 | 40 | | and qualified live theatrical productions (as defined in sec-13 |
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| 41 | 41 | | tion 181 of the Internal Revenue Code of 1986, as amend-14 |
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| 42 | 42 | | ed by this section), see section 168(k)(2)(A) of the Inter-15 |
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| 43 | 43 | | nal Revenue Code of 1986. 16 |
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| 44 | 44 | | Æ |
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| 45 | 45 | | VerDate Sep 11 2014 23:15 Jan 27, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H376.IH H376 |
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| 46 | 46 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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