CREATE Act

The CREATE Act increases tax credit limits for film and television productions, raising the annual spending cap from $15 million to $30 million for qualified productions and adjusting related thresholds from $20 million to $40 million. It adds an annual inflation adjustment mechanism to these limits starting in 2026, automatically increasing them based on the cost-of-living index. The bill extends the program's expiration date from December 31, 2025, to December 31, 2030. This directly affects producers of eligible entertainment projects by expanding available tax credits and providing long-term stability for the industry. The changes apply to productions starting in taxable years ending after December 31, 2025.