arrow_back Back to App

Tax Relief for Creative Industries: Doubling Production Expense Limits.

This law doubles the maximum amounts that production companies can immediately deduct from taxes for qualified film, television, and audio production costs. This change aims to support the domestic creative industry by encouraging more production and job creation. The provisions are extended until the end of 2030 and will be adjusted annually for inflation.
Key points
The maximum limit for immediate expensing (tax deduction) of production costs increases from $15 million to $30 million.
The tax relief limit for productions in high unemployment areas increases from $20 million to $40 million.
The tax relief program is extended by five years, until December 31, 2030, with automatic annual inflation adjustments to the limits starting in 2027.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2530
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2025-07-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
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_S_2530.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-30.

What are the main provisions?

Key points include:

  • The maximum limit for immediate expensing (tax deduction) of production costs increases from $15 million to $30 million.
  • The tax relief limit for productions in high unemployment areas increases from $20 million to $40 million.
  • The tax relief program is extended by five years, until December 31, 2030, with automatic annual inflation adjustments to the limits starting in 2027.
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 Sen. Blackburn, Marsha [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Media and Culture Economy