S-364 : Still Just a Bill

Support Theaters in America Growth and Expansion Act or the STAGE Act

Amends the Internal Revenue Code, with respect to the expensing of the costs of qualified film and television productions, to: (1) extend through 2016 provisions allowing such expensing, (2) allow such expensing for the costs of certain live theatrical productions, and (3) provide for the tax treatment of dispositions of an interest in a live theatrical production as a passive activity.

Action Timeline

Action DateTypeTextSource
2015-02-04IntroReferralRead twice and referred to the Committee on Finance.Senate
2015-02-04IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Taxation
See Subjects
  • Income tax deductions
  • Intellectual property
  • Performing arts
  • Business expenses

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