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I
116TH CONGRESS
1ST SESSION H. R. 3943
To amend the Internal Revenue Code of 1986 to allow accelerated deprecia-
tion of certain qualified film and television and live theatrical productions
in Puerto Rico.
IN THE HOUSE OF REPRESENTATIVES
JULY 24, 2019
Miss GONZA´LEZ-COLO´N of Puerto Rico introduced the following bill; which
was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to allow accel-
erated depreciation of certain qualified film and television
and live theatrical productions in Puerto Rico.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Puerto Rico Film, Tel-
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evision, and Theatre Production Act of 2019’’.
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•HR 3943 IH
SEC.
2.
ACCELERATED
DEPRECIATION
FOR
CERTAIN
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QUALIFIED FILM AND TELEVISION AND LIVE
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THEATRICAL
PRODUCTIONS
IN
PUERTO
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RICO.
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(a) IN GENERAL.—Section 181(d)(3)(A) of the Inter-
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nal Revenue Code of 1986 is amended by inserting ‘‘(in-
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cluding Puerto Rico)’’ after ‘‘United States’’.
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(b) EFFECTIVE DATE.—The amendment made by
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this section shall take effect as if included in section
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13201 of Public Law 115–97.
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(c) CROSS REFERENCE.—For application of acceler-
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ated depreciation to qualified film or television productions
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and qualified live theatrical productions (as defined in sec-
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tion 181 of the Internal Revenue Code of 1986, as amend-
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ed by this section), see section 168(k)(2)(A) of the Inter-
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nal Revenue Code of 1986.
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Æ
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