Bill · H.R. 4840· House(119-HR-4840)

CREATE Act

Age: 73 years

California

Introduced: 8/1/2025
Last activity: 8/1/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Judy Chu
Cosponsors: - 11 - 5

Taxation

Introduced
In Committee

What this bill would do

This bill is known as the Creative Relief and Expensing for Artistic Entertainment Act or the CREATE Act. It amends the Internal Revenue Code of 1986 to expand the ability to expense certain qualified productions. Specifically, it raises certain dollar limitations related to qualified productions and adds an inflation adjustment for those dollar amounts starting in 2026. The bill also extends the termination date for these provisions from December 31, 2025, to December 31, 2030. Finally, these amendments apply to productions commencing in taxable years ending after December 31, 2025.

Yes· 3 of 6

Does this cut taxes for small businesses?+5
The bill increases the dollar limits for expensing qualified productions, which provides tax relief for production companies.
Would business owners be better off under this?+5
The bill benefits business owners in the entertainment sector by allowing them to expense more of their production costs.
Does this make it easier to run a small business?+4
Increased expensing limits provide greater tax advantages for businesses involved in artistic entertainment productions.