The CREATE Act increases tax deductions available to film and television producers for qualifying entertainment productions. Specifically, it doubles the spending limits that studios can immediately deduct as business expenses—raising the cap from $15 million to $30 million for most productions, and from $20 million to $40 million for productions in lower-income areas. The bill also extends the expiration date of these tax incentives from the end of 2025 to the end of 2030, and includes automatic adjustments for inflation starting in 2027 to keep the deduction limits current with rising production costs. These changes take effect for productions that begin after December 31, 2025, and are designed to make film and television production more economically attractive in the United States.
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