Bill · S. 2530· Senate(119-S-2530)
CREATE Act
- Introduced
- 7/30/2025
- Last activity
- 7/30/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Marsha Blackburn
- Cosponsors
- - 0 - 3
- Introduced
- In Committee
What this bill would do
The CREATE Act aims to amend the Internal Revenue Code of 1986. It focuses on expanding the ability to expense certain qualified productions. The bill increases specific dollar limitations for these productions. It also introduces an inflation adjustment mechanism for dollar amounts in future taxable years. Additionally, the bill extends the termination date for these provisions. These changes apply to productions starting 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 limitations for expensing qualified productions, which provides tax relief for entertainment-related businesses.
Would business owners be better off under this?+5
Business owners in the production sector benefit from higher expensing limits and inflation adjustments.
Does this make it easier to run a small business?+4
The bill helps businesses by allowing them to expense larger amounts of production costs and protecting those limits against inflation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Dollar Limitations: The bill increases the dollar amount in subparagraph (A) from $15,000,000 to $30,000,000 and updates subparagraph (B) by substituting $40,000,000 for $30,000,000. This expands the ability to expense qualified productions (Section 2(a)).
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Inflation Adjustments: For taxable years beginning after 2026, dollar amounts will be increased based on a cost-of-living adjustment. This ensures the dollar amounts keep pace with inflation (Section 2(a)(3)).
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Extended Timeline: The bill extends the termination date from December 31, 2025, to December 31, 2030, providing a longer period for these provisions to remain in effect (Section 2(b)).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+5Improves Small Business Support+4Increases Job Creation+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Business Owners+5Good For Urban Residents+1
- 8/7/2026
- 1 Cosponsor added.
- 8/4/2026
- 1 Cosponsor added.
- 7/30/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Raphael WarnockDemocrat · Georgia
Peter WelchDemocrat · Vermont
Mark WarnerDemocrat · Virginia