What does Preamble of CREATE Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The stated purpose is to expand the ability to expense certain qualified productions.

What does SHORT TITLE. of CREATE Act do?

This bill is formally titled the 'Creative Relief and Expensing for Artistic Entertainment Act' or the 'CREATE Act'.

What does ADJUSTMENT OF PROVISIONS APPLICABLE TO QUALIFIED PRODUCTIONS. of CREATE Act do?

This section amends Section 181(a)(2) of the Internal Revenue Code of 1986. It increases dollar limitations in subparagraphs (A) and (B) from $15,000,000 to $30,000,000 and $15,000,000 to $30,000,000, respectively, and then to $40,000,000. It adds a new subparagraph (D) to Section 181(a)(2) that provides for inflation adjustments to these dollar amounts, beginning in taxable years after 2026. The inflation adjustment uses the cost-of-living adjustment determined under section 1(f)(3) with a reference year of 2025. Subsection (h) of Section 181 is amended to extend the termination date from December 31, 2025, to December 31, 2030. The amendments apply to productions commencing in taxable years ending after December 31, 2025.

Back to bills

CREATE Act

Last updated: 8/1/2025 · Introduced: 8/1/2025

Author: Judy Chu (D-CA)

TL;DR (AI)

The CREATE Act increases the maximum amount of qualified productions that can be expensed from $15 million to $30 million, and eventually $40 million.
The bill extends the current production expense deduction from December 31, 2025, to December 31, 2030.
It establishes inflation adjustments for these dollar limits, beginning in 2027, using the cost-of-living adjustment.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account