,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #dghg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bi1 #bjbe,ms4  
,*u introduc$ ! foll[+ bill2 :i* 0      
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to ext5d ! d$uction =    
film & television productions & to make 
c]ta9 *anges ) respect to ! calculation 
( su* d$uction4  #a4 ,film & television 
production d$uction am5dm5ts  7a7       
,ext5sion ,section #aha7;g7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ by /rik+
 ,decemb] #ca1 #bjbe & ins]t+ ,decemb]  
#ca1 #bjcj4  7b7 ,increase 9 doll>      
limitation ,section #aha7;a77#b77;,a7 ( 
su* ,code is am5d$ to read z foll[s3    
7,a7 ,9 g5]al ,p>agraph 7#a7 %all n     
apply to s mu* ( ! aggregate co/ ( any  
qualifi$ film or television production  
or any qualifi$ live !atrical production
 z exce$s #cj1jjj1jjj4  4  7c7 ,high]   
doll> limitation = productions 9 c]ta9  
areas ,section #aha7;a77#b77;,b7 ( su*  
,code is am5d$ 9 ! matt] foll[+ clause  

7ii7 by /rik+ sub/itut+ #bj1jjj1jjj =   
#ae1jjj1jjj & ins]t+ sub/itut+          
#dj1jjj1jjj = #cj1jjj1jjj4  7d7         
,inflation adju/m5t ,section            
#aha7;a77#b7 ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subp>agraph3 
7,c7 ,inflation adju/m5t  7i7 ,9 g5]al  
,9 ! case ( any taxable ye> beg9n+ 9 a  
cal5d> ye> aft] #bjbf1 ea* doll> am\nt 9
 subp>agraph 7,a7 or 7,b7 %all be       
increas$ by an am\nt equal to--  7,i7   
su* doll> am\nt1 multipli$ by  7,,ii7 ! 
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjbe = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7ii7        
,r\nd+4--,any increase det]m9$ "u clause
 7i7 %all be r\nd$ to ! ne>e/ multiple (
 #a1jjj4  4  7e7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to productions comm5c+ aft] ! date ( !  
enactm5t ( ?is ,act4