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Increased Tax Relief for Film and TV Productions

This new law raises the spending limits that film and television producers can deduct from their taxes. This means larger productions can benefit from tax breaks, potentially encouraging more content creation and supporting the entertainment industry. These changes could impact the availability and variety of films and shows for viewers.
Key points
Increased tax deduction limits from $15 million to $30 million for most productions.
Increased tax deduction limits from $20 million to $40 million for productions in low-income or economically distressed areas.
Introduction of annual inflation adjustments to the limits, ensuring the tax breaks retain their value over time.
Extension of these tax benefits until the end of 2030, providing stability for the industry.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4840
Sponsor: Rep. Chu, Judy [D-CA-28]
Process start date: 2025-08-01
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CREATE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4840.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-08-01.

What are the main provisions?

Key points include:

  • Increased tax deduction limits from $15 million to $30 million for most productions.
  • Increased tax deduction limits from $20 million to $40 million for productions in low-income or economically distressed areas.
  • Introduction of annual inflation adjustments to the limits, ensuring the tax breaks retain their value over time.
  • Extension of these tax benefits until the end of 2030, providing stability for the industry.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Chu, Judy [D-CA-28].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Media and Culture Economy