Bill > HR2562

This bill extends special tax rules that allow businesses to immediately deduct (or "expense") the costs of certain film and television productions. Specifically, it amends the Internal Revenue Code of 1986 to push back the expiration date for these expensing rules from December 31, 2014, to December 31, 2016, meaning productions that begin after December 31, 2014, and before January 1, 2017, will be eligible for this tax benefit. This provides tax relief and encourages investment in the film and television industry by allowing producers to recover their production expenses more quickly.