,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dhgh  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ag1 #bjad ,mr4
 ,collins of ,georgia 7for himself1 ,mr4
 ,crowley1 ,mr4 ,boustany1 ,ms4 ,linda  
,t4 ,snchez of ,california1 ,mr4 ,neal1 
and ,mr4 ,nunes7 introduced the         
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to extend the special   
expensing rules for certain film and    
television productions and to provide   
for special expensing for live          
theatrical productions4  #a4 ,short     
title ,this ,act may be cited as the    
,facilitating ,investments in ,local    
,markets ,act or the ,,film ,act 4  #b4 
,extension of special expensing rules   
for certain film and television         
productions2 special expensing for live 
theatrical productions  7a7 ,in general 
,subsection 7f7 of section #aha of the  
,internal ,revenue ,code of #aihf is    
amended by striking ,december #ca1 #bjac

 and inserting ,december #ca1 #bjae4    
7b7 ,application to live productions    
7#a7 ,in general ,paragraph 7#a7 of     
section #aha7;a7 of the ,internal       
,revenue ,code of #aihf is amended by   
inserting 1 and any qualified live      
theatrical production1 after any        
qualified film or television production4
  7#b7 ,conforming amendments ,section  
#aha of the ,internal ,revenue ,code of 
#aihf is amended--  7,a7 by inserting or
 any qualified live theatrical          
production after qualified film or      
television production each place it     
appears in subsections 7a77#b71 7b71 and
 7c77#a71  7,b7 by inserting or         
qualified live theatrical productions   
after qualified film or television      
productions in subsection 7f71 and  7,c7
 by inserting and live theatrical after 
film and television in the heading4     
7#c7 ,clerical amendment ,the item      
relating to section #aha in the table of
 sections for part ,,vi of subchapter ,b
 of chapter #a of the ,internal ,revenue

 ,code of #aihf is amended to read as   
follows3  ,sec4 #aha4 ,treatment of     
certain qualified film and television   
and live theatrical productions4  4  7c7
 ,qualified live theatrical production  
,section #aha of the ,internal ,revenue 
,code of #aihf is amended--  7#a7 by    
redesignating subsections 7e7 and 7f71  
as amended by subsections 7a7 and 7b71  
as subsections 7f7 and 7g71             
respectively1 and  7#b7 by inserting    
after subsection 7d7 the following new  
subsection3  7e7 ,qualified live        
theatrical production ,for purposes of  
this section--  7#a7 ,in general ,the   
term qualified live theatrical          
production means any production         
described in paragraph 7#b7 if #ge      
percent of the total compensation of the
 production is qualified compensation   
7as defined in subsection 7d77#c774     
7#b7 ,production  7,a7 ,in general ,a   
production is described in this         
paragraph if such production is a live  
staged production of a play 7with or    

without music7 which is derived from a  
written book or script and is produced  
or presented by a taxable entity in any 
venue which has an audience capacity of 
not more than #c1jjj or a series of     
venues the majority of which have an    
audience capacity of not more than      
#c1jjj4  7,b7 ,touring companies1 etc   
,in the case of multiple live staged    
productions--  7i7 for which the        
election under this section would be    
allowable to the same taxpayer1 and     
7ii7 which are--  7,i7 separate phases  
of a production1 or  7,,ii7 separate    
simultaneous stagings of the same       
production in different geographical    
locations 7not including multiple       
performance locations of any one touring
 production71  each such live staged    
production shall be treated as a        
separate production4  7,c7 ,phase ,for  
purposes of subparagraph 7,b71 the term 
phase with respect to any qualified live
 theatrical production refers to each of
 the following1 but only if each of the 

following is treated by the taxpayer as 
a separate activity for all purposes of 
this title3  7i7 ,the initial staging of
 a live theatrical production4  7ii7    
,subsequent additional stagings or      
touring of such production which are    
produced by the same producer as the    
initial staging4  7,d7 ,exception ,a    
production is not described in this     
paragraph if such production includes or
 consists of any performance of conduct 
described in section #bbeg7;h77#a7 of   
title #ah1 ,united ,states ,code4  4    
7d7 ,effective dates  7#a7 ,in general  
,the amendments made by this section    
shall apply to productions commencing   
after ,december #ca1 #bjac4  7#b7       
,commencement ,for purposes of paragraph
 7#a71 the date on which a qualified    
live theatrical production commences is 
the date of the first public performance
 of such production for a paying        
audience4