The productions qualify for bonus depreciation on first release
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70434, Sec. 70434.
Written by .
The productions qualify for bonus depreciation on first release
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70434 in the PDF
What the document says
“a qualified sound recording production shall be considered to be placed in service at the time of initial release or broadcast.”
The section adds a new subclause (VI) to section 168(k)(2)(A)(i) of the Internal Revenue Code of 1986 bringing a qualified sound recording production within qualified property where a deduction would have been allowable under section 181 without regard to subsections (a)(2) and (h) or the bonus depreciation subsection, fixes two cross references in the neighboring subclauses, and adds a new clause (iii) to section 168(k)(2)(H) treating such a production as placed in service on initial release or broadcast.
What the document actually says
“a qualified sound recording production shall be considered to be placed in service at the time of initial release or broadcast.”
That sentence, in plain words
The recording counts as in use from a set point. That point is its first release or broadcast.
What this is about
Being in use starts the write-off clock. The recording also joins the list for a bonus write-off. That list sits in another tax rule.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70434, 139 Stat. 244 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The productions qualify for bonus depreciation on first release,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70434, Sec. 70434. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70434-bonus/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
