H.R. 3389 would amend the Internal Revenue Code of 1986 to make permanent the election to treat the cost of qualified film and television productions as an expense which is not chargeable to capital account.

== Detailed Summary ==

<summary>
Amends the Internal Revenue Code to make permanent the taxpayer election to expense qualified film and television production costs in the current taxable year.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 8/3/2007:8/9/2007: Referred to House committee.subcommittee. Status: Referred to the House CommitteeSubcommittee on Ways and Means.Trade.
</status>

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== Points in Favor ==

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== Points Against ==

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