The Creative Relief and Expensing for Audio and Television Enterprises Act, or CREATE Act, aims to significantly expand tax benefits for qualified audio and television productions. It achieves this by amending the Internal Revenue Code of 1986 to increase the dollar limitations for expensing production costs. Specifically, the bill raises the general expensing limit from $15 million to $30 million and the limit for productions in low-income communities from $20 million to $40 million . Furthermore, it introduces an inflation adjustment mechanism for these dollar amounts, ensuring their value is maintained over time, beginning in taxable years after 2026. Crucially, the CREATE Act also extends the availability of these expensing provisions, pushing their termination date from December 31, 2025, to December 31, 2030 . These changes will apply to productions commencing in taxable years ending after December 31, 2025, providing extended tax relief and incentives for the entertainment industry.