S. 2530
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to expand the ability to expense certain qualified productions.
IN THE SENATE OF THE UNITED STATES · July 30, 2025 · Sponsor: Mrs. Blackburn · Committee: Committee on Finance
Table of contents
SEC. 1. Short title
- This Act may be cited as the or the .
SEC. 2. Adjustment of provisions applicable to qualified productions
- (a) Dollar limitations
- of the Internal Revenue Code of 1986, as amended by section 70434 of , is amended— Section 181(a)(2); Public Law 119–21
- in subparagraph (A), by striking
striking5,000,000and inserting$30,000,000, - in subparagraph (B), by striking and inserting , and
- by adding at the end the following new subparagraph:
- (D) Inflation adjustment
- (i) In the case of any taxable year beginning in a calendar year after 2026, each dollar amount in subparagraphs (A), (B), and (C) shall be increased by an amount equal to—
- In general
- such dollar amount, multiplied by
- the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting for in subparagraph (A)(ii) thereof.
calendar year 2025calendar year 2016 - (ii) Any increase determined under clause (i) shall be rounded to the nearest multiple of $1,000.
- Rounding
- (D) Inflation adjustment
- in subparagraph (A), by striking
- of the Internal Revenue Code of 1986, as amended by section 70434 of , is amended— Section 181(a)(2); Public Law 119–21
- (b) Extension of termination
- Subsection (h) of section 181 of such Code, as redesignated and amended by section 70434 of , is amended by striking
December 31, 2025and insertingDecember 31, 2030. Public Law 119–21
- Subsection (h) of section 181 of such Code, as redesignated and amended by section 70434 of , is amended by striking
- (c) Effective date
- The amendments made by this section shall apply to productions commencing in taxable years ending after December 31, 2025.