- Stage
- In committee
- Started in
- Senate
- Sponsors
- 4
- Latest action
- Jul 30, 2025
What it does
The CREATE Act would amend the Internal Revenue Code to increase the dollar limits for expensing certain qualified audio and television productions, raising the threshold from $15 million to $30 million for small productions and from $15 million to $40 million for larger ones, with future adjustments for inflation starting after 2026. It would also extend the termination date of the provision from December 31, 2025, to December 31, 2030, allowing more time for producers to benefit from immediate expensing. The changes would apply to productions beginning in taxable years ending after December 31, 2025, affecting film, television, and audio content creators who qualify under existing IRS…
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.