H.R. 4840In committeeJobs & the economy
Bill would double film production tax deduction caps
Data as of July 11, 2026
HR 4840 doubles the spending caps for upfront film and TV production tax deductions and extends the benefit through 2030.45-second read · 4 questions answered below
Decoded
What does this do?
This bill doubles the spending limits that allow film and TV producers to deduct production costs immediately on their taxes, rather than spreading them over many years. The general cap rises from $15 million to $30 million, and productions in certain lower-income areas qualify for a $40 million cap. The benefit is extended through the end of 2030, and the dollar limits will adjust for inflation starting in 2027.
Who does it affect?
Producers and production companies making films, TV shows, and similar entertainment projects in the United States are most directly affected.
Why does it matter?
Raising the caps means more productions may qualify to deduct their full costs right away instead of waiting years. Extending the expiration date from 2025 to 2030 means the tax treatment stays in place longer for the industry.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
CREATE Act
- Introduced:
- August 1, 2025
- Latest action:
- August 1, 2025
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.