CREATE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4840 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4840 To amend the Internal Revenue Code of 1986 to expand the ability to expense certain qualified productions. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 1, 2025 Ms. Chu (for herself and Ms. Malliotakis) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand the ability to expense certain qualified productions. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Creative Relief and Expensing for Artistic Entertainment Act'' or the ``CREATE Act''. SEC. 2. ADJUSTMENT OF PROVISIONS APPLICABLE TO QUALIFIED PRODUCTIONS. (a) Dollar Limitations.--Section 181(a)(2) of the Internal Revenue Code of 1986, as amended by section 70434 of Public Law 119-21, is amended-- (1) in subparagraph (A), …