H.R. 5183 - Puerto Rico Film, Television, and Theatre Production Act of 2018

115TH CONGRESS
2D SESSION

H.R. 5183

To amend the Internal Revenue Code of 1986 to apply the rules
related to the treatment of certain qualified film and television
and live theatrical productions to Puerto Rico.

IN THE HOUSE OF REPRESENTATIVES

MARCH 6, 2018

Miss GONZÁLEZ-COLÓN of Puerto Rico (for herself, Mr. SOTO,
and Mr. KING of New York) introduced the following bill; which
was referred to the Committee on Ways and Means

A BILL

To amend the Internal the rules related to film and television Puerto Rico. Revenue Code of 1986 to apply the treatment of certain qualified and live theatrical productions to

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Puerto Rico Film, Television, and Theatre Production Act of 2018".

SEC. 2. APPLICATION OF RULES FOR CERTAIN QUALIFIED FILM AND TELEVISION AND LIVE THEATRICAL PRODUCTIONS TO PUERTO RICO.

(a) INCLUSION OF PUERTO RICO. — Section 181(d)(3)(A) of the Internal Revenue Code of 1986 is amended by inserting "(including Puerto Rico)" after "United States".

(b) EXTENSION FOR PUERTO RICO. — Section 181(g) of such Code is amended to read as follows:

"(g) TERMINATION. —

"(1) UNITED STATES OTHER THAN PUERTO RICO. — In the case of any production commencing after December 31, 2017, subsection (d)(3)(A) shall be applied by substituting 'Puerto Rico' for 'United States (including Puerto Rico)'.

"(2) FINAL TERMINATION. — This section shall not apply to productions commencing after December 31, 2021.".

(c) EFFECTIVE DATE. —

(1) IN GENERAL. — The amendment made by subsection (a) shall apply to productions commencing after December 31, 2016.

(2) EXTENSION FOR PUERTO RICO. — The amendment made by subsection (b) shall apply to productions commencing after December 31, 2017.