S. 1326 — Introduced in Senate

II 113th CONGRESS 1st Session S. 1326 IN THE SENATE OF THE UNITED STATES July 18, 2013 Ms. Landrieu (for herself, Mrs. Boxer, Mr. Corker, and Mr. Alexander) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend and 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.