Theatrical Production Investment Tax Credit Act of 1980

[AI summary unavailable — showing source text] Theatrical Production Investment Tax Credit Act of 1980 - Amends the Internal Revenue Code to allow an investment tax credit for costs related to a theatrical production. Includes within the term "theatrical production" plays, musicals, operas, or ballets, in a commercial theater before a live audience. Specifies that a taxpayer may claim a tax credit for such a production only to the extent that he has an ownership interest in it.…