Expands the ability to expense certain qualified productions under the Internal Revenue Code.

The CREATE Act amends the Internal Revenue Code to increase the dollar limitations for qualified productions and extends the termination date for these provisions. It raises the expense limit for qualified productions from $15 million to $30 million and introduces an inflation adjustment for taxable years beginning after 2026. The extension of the termination date allows these provisions to remain in effect until December 31, 2030.

Expands the ability to expense certain qualified productions under the Internal Revenue Code.

The CREATE Act amends the Internal Revenue Code to increase the dollar limitations for qualified productions and extends the termination date for these provisions. It raises the expense limit for qualified productions from $15 million to $30 million and introduces an inflation adjustment for taxable years beginning after 2026. The extension of the termination date allows these provisions to remain in effect until December 31, 2030.