House Bill Reintroduced to Make Permanent Amortization Tax Rule for Creating Music

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By Tamlin H. Bason  


Rep. Marsha W. Blackburn (R-Tenn.) introduced a bill July 18 on behalf of herself and nine cosponsors to make permanent a provision of the tax code allowing expenses related to “creating or acquiring music or music copyrights” to be amortized over five years.

The Songwriters Tax Simplification Reauthorization Act (H.R. 2731) is identical to a bill of the same title introduced by Blackburn last year (66 PTD, 4/6/12). Neither Blackburn's 2012 legislation (H.R. 3343), nor its Senate counterpart S. 3358--introduced by Sen. Olympia J. Snowe (R-Maine)--ever made it out of committee.

There is not yet a Senate version of H.R. 2731, which would “amend the Internal Revenue Code of 1986 to make permanent the rule providing five-year amortization of expenses incurred in creating or acquiring music or music copyrights.”

The entirety of the text of both bills is as follows:  

Section 1. Short Title.  

 This Act may be cited as the 'Songwriters Tax Simplification Reauthorization Act'.  

Section 2. Special Rule for Amortization of Musical Works and Copyrights Made Permanent.  

 (a) In General--Paragraph (8) of section 167(g) of the Internal Revenue Code of 1986 is amended by striking subparagraph (E).  

 (b) Effective Date--The amendment made by this section shall apply to taxable years beginning after December 31, 2010.  


The bill has been referred to the House Committee on Ways and Means.


Text is available at

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