CREATE Act

This bill expands a tax rule that lets companies deduct the costs of certain “qualified productions” right away, instead of spreading the cost over time. It raises the amount that can be deducted from $5 million to $30 million, adds yearly inflation increases starting after 2026, and extends the program through the end of 2030.

Key points:

• Who is affected: Companies with qualified productions seeking upfront tax deductions.
• What changes: Deduction cap increases to $30 million, with inflation adjustments each year after 2026; the program is extended to December 31, 2030.
• When: Applies to productions that begin in tax years ending after December 31, 2025.