The changes reach productions starting in tax years ending after this law
What the document says“The amendments made by this section shall apply to productions commencing in taxable years ending after the date of the enactment of this Act.”
The section applies its amendments to productions commencing in taxable years ending after the date of enactment.
What the document actually says“The amendments made by this section shall apply to productions commencing in taxable years ending after the date of the enactment of this Act.”
The changes reach work that starts in tax years ending after this law passed.
Work that started earlier is not touched. The old rules still hold for it. The date is the day this law passed.
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.