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B-175807 1 (1974-02-14)

handle is hein.gao/gaobaafnv0001 and id is 1 raw text is: '. UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 10 q . GENERAL GOVERNMENT DIVISION FEB 1 41974' B-175807 The Honorable William H. Hudnut, III House of Representatives Dear Mr. Hudnut: This is in response to your October 3, 1973, request that we investigate certain aspects of the C as oLivngCouncil LC) .p 7a Lions that Mr. Trueman T. Rembusch, Chairman, Trade Practice Committee, Theatre Owners of Indiana, described in a letter to you. Mr. Rembusch raised questions about (1) CLC's practices in formu- lating Phase IV price regulations which exempted film rentals from price controls and retained price controls on theater admissions, (2) Internal '. Revenue Service's (IRS's) response to complaints about motion picture - distributors that may have violated the special irice freeze, and (3) the disposition of admission fees collected for a meeting in Chicago where CLC officials discussed proposed Phase IV regulations. We discussed these matters with CLC and IRS eadquarters officials. Also we reviewed records and documents pertaining'to Mr. Rembusch's questions. We discussed the financial arrangements for the meeting in Chicago with an official of the Chicago Association of Commerce and Industry. DETERMINATION TO EXEMPT FILM RENTALS Producers and distributors' prices for motion picture films are exempt from pxri cDontnols under Phase IV regulations. However, theater owners' admission prices are controlled unless the owners qualify for the small business exemption specified in the regulations. This exemp- tion generally applies to businesses with 60 or fewer employees and having annual revenues of less than $50 million. The Phase IV method of price controls over film producers, distri- butors, and theater owners originated under Phase II of the F~gVM Sjab a o . x ,gxam. Phase II regulations, which became effective on November 14, 1971, exempted from price controls royalties and other payments from the sale of copyrights and other related materials.

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