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US SB2530
Bill
AI Summary
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Doubles the tax deduction limits for qualified film and television productions from $15 million to $30 million (general limit) and from $20 million to $40 million (productions in certain high-cost areas)
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Extends the expiration date for the qualified production expensing provision from December 31, 2025 to December 31, 2030
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Adds annual inflation adjustments to the dollar limits beginning in tax years after 2026, indexed to cost-of-living increases and rounded to the nearest $1,000
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Applies to productions commencing in taxable years ending after December 31, 2025
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Introduced with bipartisan sponsorship by Senator Blackburn (R-TN) and Senator Warnock (D-GA)
Legislative Description
CREATE Act Creative Relief and Expensing for Audio and Television Enterprises Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
7/30/2025