CREATE Act
Sponsored By: Senator Blackburn, Marsha [R-TN]
Introduced
Summary
Would expand immediate expensing for qualified audio and television productions by raising annual caps, adding an inflation index, and extending the program through 2030. This change is aimed at letting larger productions deduct more of their production costs up front and making the dollar limits more predictable over time.
Show full summary
- Producers and studios could immediately expense larger qualified production costs: the Section 181 cap in subparagraph (A) would increase from $15 million to $30 million and subparagraph (B) would increase from $30 million to $40 million.
- Dollar limits would be indexed for inflation for taxable years beginning after 2026 using the cost-of-living formula, with each increase rounded to the nearest $1,000.
- The special expensing window would be extended to December 31, 2030 and would 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 break for film and audio producers
If enacted, this bill would let qualifying film, TV, and audio producers expense larger production costs. It would raise one per-production cap to $30 million and a related cap to $40 million. The program’s deadline would move from December 31, 2025 to December 31, 2030. The higher caps apply to productions that start in taxable years ending after December 31, 2025. For taxable years beginning in calendar years after 2026, the caps would rise each year for inflation using the cost-of-living adjustment with 2025 as the base year. Any annual increase would be rounded to the nearest $1,000. Your allowable deduction would be the smaller of your qualified production costs and the applicable cap, applied per production.
Sponsors & CoSponsors
Sponsor
Blackburn, Marsha [R-TN]
TN • R
Cosponsors
Raphael Warnock
GA • D
Sponsored 7/30/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov