H.R. 2731 — Introduced in House

I 113th CONGRESS 1st Session H. R. 2731 IN THE HOUSE OF REPRESENTATIVES July 18, 2013 Mrs. Blackburn (for herself, Mr. Cooper, Mr. Cohen, Mr. Roe of Tennessee, Mr. Fleischmann, Mr. Coble, Mr. Guthrie, Mr. Gohmert, Mr. Deutch, and Mr. Fincher) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the rule providing 5-year amortization of expenses incurred in creating or acquiring music or music copyrights. 1. Short title This Act may be cited as the Songwriters Tax Simplification Reauthorization Act. 2. Special rule for amortization of musical works and copyrights made permanent (a) In general Paragraph (8) of section 167(g) of the Internal Revenue Code of 1986 is amended by striking subparagraph (E). (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2010.