To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4787 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4787 To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 29, 2025 Ms. Chu 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 extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. FILM AND TELEVISION PRODUCTION DEDUCTION AMENDMENTS. (a) Extension.--Section 181(g) of the Internal Revenue Code of 1986 is amended by striking ``December 31, 2025'' and inserting ``December 31, 2030''. (b) Increase in Dollar Limitation.--Section 181(a)(…