CREATE Act
Sponsored By: Representative Chu, Judy [D-CA-28]
Introduced
Summary
expanded tax expensing for film and TV productions. This bill would raise the per-production expensing caps, add inflation adjustments, and extend the special tax rule for creative productions through 2030.
Show full summary
- Independent and mid‑budget producers would see the per‑production immediate expensing cap rise to $30 million, which can improve cash flow and reduce near‑term taxable income for eligible projects.
- Larger productions and multi‑party projects would qualify for a higher cap set at $40 million, letting bigger TV seasons and films deduct more production costs up front.
- The bill would push the rule's termination to December 31, 2030 and add a cost‑of‑living adjustment for the caps starting after 2026; the changes apply to productions commencing in taxable years ending after December 31, 2025.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bigger tax write-off for productions
If enacted, producers could expense more of their qualified production costs up front. The main per‑production cap would rise to $30,000,000. A related calculation would use an applicable amount of $40,000,000. The expensing option would be extended through December 31, 2030. For tax years beginning after 2026, these dollar limits would be indexed to inflation and rounded to the nearest $1,000. The changes would apply to productions that begin in tax years ending after December 31, 2025.
Sponsors & CoSponsors
Sponsor
Chu, Judy [D-CA-28]
CA • D
Cosponsors
Rep. Malliotakis, Nicole [R-NY-11]
NY • R
Sponsored 8/1/2025
Friedman
CA • D
Sponsored 10/3/2025
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 10/24/2025
Rep. Moore, Blake D. [R-UT-1]
UT • R
Sponsored 10/28/2025
Rep. Moran, Nathaniel [R-TX-1]
TX • R
Sponsored 11/19/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 11/21/2025
Del. Plaskett, Stacey E. [D-VI-At Large]
VI • D
Sponsored 11/21/2025
Rep. Pettersen, Brittany [D-CO-7]
CO • D
Sponsored 12/10/2025
Sewell
AL • D
Sponsored 12/18/2025
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 1/7/2026
Barr
KY • R
Sponsored 1/16/2026
Rep. Goldman, Daniel S. [D-NY-10]
NY • D
Sponsored 3/17/2026
Rep. Boyle, Brendan F. [D-PA-2]
PA • D
Sponsored 4/6/2026
Cisneros
CA • D
Sponsored 4/29/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov