A Republican bill with 3 Democratic cosponsors · See all 3 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +5
Does this cut taxes for small businesses?
The bill increases the dollar limitations for expensing qualified productions, which provides tax relief for entertainment-related businesses.
- Scored +5
Would business owners be better off under this?
Business owners in the production sector benefit from higher expensing limits and inflation adjustments.
- Scored +4
Does this make it easier to run a small business?
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. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this cut taxes for small businesses? — The bill increases the dollar limitations for expensing qualified productions, which provides tax relief for entertainment-related businesses. Does this make it easier to run a small business? — The bill helps businesses by allowing them to expense larger amounts of production costs and protecting those limits against inflation. Is this likely to create jobs? — By expanding the ability to expense qualified productions, the bill provides financial incentives that could encourage more production activity. Is this likely to grow the economy? — The expansion of expensing provisions for production enterprises is intended to stimulate activity within the media and entertainment industry.
- Demographic And Interest Groups
- Would business owners be better off under this? — Business owners in the production sector benefit from higher expensing limits and inflation adjustments. Would people in cities be better off under this? — Increased production activity often benefits urban areas where media hubs are frequently located.
- 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