,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iich  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #bc1 #bjbf,ms4  
,t5ney 7= h]self1 ,mr4 ,ku/(f1 & ,mr4   
,c>ey7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to e/abli% a cr$it to    
inc5tivize inve/m5ts 9 movie !at]s1 & = 
o!r purposes4  #a4 ,%ort title  ,?is    
,act may be cit$ z ! ,support+ ,c9ema   
,r5ewal1 ,enhancem5t1 & ,enri*+         
,neighborhoods ,act or ! ,,scre5 ,act4  
#b4 ,e/abli%m5t ( qualifi$ movie !at]   
revitalization cr$it  7a7 ,9 g5]al      
,subp>t ,d ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new section3  #de;,,bb4 ,qualifi$ movie
 !at] revitalization cr$it  7a7 ,9 g5]al
 ,= purposes ( section #ch1 ! qualifi$  
movie !at] revitalization cr$it det]m9$ 
"u ?is section = any taxable ye> is an  
am\nt equal to ! sum ( ! cr$it am\nts   
det]m9$ "u subsection 7b7 ) respect to  

ea* qualifi$ movie !at] own$ or op]at$  
by ! taxpay]4  7b7 ,cr$it am\nt  7#a7 ,9
 g5]al ,subject to p>agraph 7#b71 !     
am\nt det]m9$ "u ?is subsection )       
respect to any qualifi$ movie !at] = any
 taxable ye> %all be equal to #cj p]c5t 
( ! qualifi$ movie !at] revitalization  
exp5ditures ( ! taxpay] = su* taxable   
ye> ) respect to su* qualifi$ movie     
!at]4  7#b7 ,limitation  7,a7 ,9 g5]al  
,! am\nt det]m9$ "u ?is subsection )    
respect to any qualifi$ movie !at] = any
 taxable ye> %all n exce$ ! excess 7if  
any7 (--  7i7 ! applicable am\nt1 ov]   
7ii7 ! aggregate am\nt ( cr$its det]m9$ 
"u ?is subsection ) respect to su*      
qualifi$ movie !at] = all prior taxable 
ye>s4  7,b7 ,applicable am\nt ,=        
purposes ( subp>agraph 7,a71 ) respect  
to ! numb] ( scre5s or simil> video     
displays on :i* qualifi$ motion pictures
 are regul>ly featur$1 ! applicable     
am\nt is-- 7i7 #bej1jjj1 9 ! case ( a   
qualifi$ movie !at] ) few] ?an #d su*   
scre5s or simil> video displays1  7ii7  

#cge1jjj1 9 ! case ( a qualifi$ movie   
!at] ) at lea/ #d1 b few] ?an #aj su*   
scre5s or simil> video displays1 &      
7iii7 #ejj1jjj1 9 ! case ( a qualifi$   
movie !at] ) at lea/ #aj su* scre5s or  
simil> video displays4  7c7 ,qualifi$   
movie !at] revitalization exp5ditures ,=
 purposes ( ?is section-- 7#a7 ,9 g5]al 
,! t]m qualifi$ movie !at]              
revitalization exp5ditures means1 )     
respect to any taxpay] = any taxable    
ye>1 any am\nts paid or incurr$ by su*  
taxpay] = tangible prop]ty 7( a "*      
subject to ! all[ance = depreciation7-- 
7,a7 ! orig9al use ( :i* comm5ces ) !   
taxpay] dur+ su* taxable ye>1  7,b7 :i* 
is us$ z "p ( any qualifi$ movie !at]   
:i* has be5 9 s]vice = ! #e-ye> p]iod   
prec$+ ! date on :i* su* prop]ty is     
initially s us$1 &  7,c7 :i* c be       
reasonably expect$ to rema9 9 su* use = 
! #e-ye> p]iod succe$+ su* date4  7#b7  
,qualifi$ movie !at] ,! t]m qualifi$    
movie !at] means a movie !at]1 scre5+   
room1 drive-9 !at]1 or o!r v5ue locat$  

)9 ! ,unit$ ,/ates t is be+ us$ prim>ily
 = ! exhibition ( qualifi$ motion       
pictures1 if su* exhibition is op5 to ! 
public or is made to an assembl$ gr\p ( 
view]s outside ( a normal circle ( a    
family & its social acqua9tances4  7#c7 
,qualifi$ motion picture ,! t]m qualifi$
 motion picture means a copyright$      
motion picture 7z def9$ 9 section #aja (
 title #ag1 ,unit$ ,/ates ,code7 :i* is 
rat$ by ! ,motion ,picture ,association4
  7d7 ,basis adju/m5t ,= purposes ( ?is 
subtitle1 if a cr$it is all[$ "u ?is    
section 9 connection ) any exp5diture = 
any prop]ty1 ! increase 9 ! basis ( su* 
prop]ty :i* w\ld 7b = ?is subsection7   
result f su* exp5diture %all be r$uc$ by
 ! am\nt ( ! cr$it s all[$4  7e7        
,t]m9ation ,no cr$it %all be all[$ "u   
?is section ) respect to any am\nts paid
 or incurr$ aft] ,decemb] #ca1 #bjcj4  4
  7b7 ,cr$it all[$ z "p ( g5]al bus9ess 
cr$it ,section #ch7;b7 ( su* ,code is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#dj71 by /rik+ ! p]iod at ! end (      

p>agraph 7#da7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    
7#db7 ! qualifi$ movie !at]             
revitalization cr$it det]m9$ "u section 
#de;,,bb7a74  4  7c7 ,transf]ability (  
cr$it ,section #fdah7;f77#a77;,a7 ( su* 
,code is am5d$ by add+ at ! end ! foll[+
 new clause3  7xiii7 ,! qualifi$ movie  
!at] revitalization cr$it det]m9$ "u    
section #de;,,bb4  4  7d7 ,cl]ical      
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ aft] ! item     
relat+ to section #de;,,aa ! foll[+ new 
item3  ,sec4 #de;,,bb4 ,qualifi$ movie  
!at] revitalization cr$it4  4  7e7      
,effective date ,! am5dm5ts made by ?is 
section %all apply ) respect to am\nts  
paid or incurr$ aft] ! date ( ! enactm5t
 ( ?is ,act4