- Stage
- In committee
- Started in
- House
- Sponsors
- 17
- Latest action
- Aug 1, 2025
What it does
The CREATE Act would amend the Internal Revenue Code to increase the dollar limits for expensing qualified film, television, and live theatrical productions, raising the threshold from $15 million to $30 million for certain productions and from $15 million to $40 million for others, with future adjustments for inflation starting after 2026. It would also extend the provision’s expiration date from December 31, 2025,025, to December 31, 2030, allowing more time for producers to benefit from immediate expensing. The changes would apply to productions that begin in taxable years ending after December 31, 2025, primarily affecting entertainment industry businesses seeking tax relief for…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.