,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #dhdj  ,,in ,,the ,,house ,,of  
,,representatives  ,august #a1 #bjbe,ms4
 ,chu 7for herself and ,ms4             
,malliotakis7 introduced the following  
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to expand the ability to
 expense certain qualified productions4 
#a4 ,short title ,this ,act may be cited
 as the ,creative ,relief and ,expensing
 for ,artistic ,entertainment ,act or   
the ,,create ,act4  #b4 ,adjustment of  
provisions applicable to qualified      
productions  7a7 ,dollar limitations    
,section #aha7;a77#b7 of the ,internal  
,revenue ,code of #aihf1 as amended by  
section #gjdcd of ,public ,law #aai-ba1 
is amended--  7#a7 in subparagraph 7,a71
 by striking #ae1jjj1jjj and inserting  
#cj1jjj1jjj1  7#b7 in subparagraph 7,b71
 by striking by substituting #bj1jjj1jjj
 for #ae1jjj1jjj4 and inserting by      
substituting #dj1jjj1jjj for            

#cj1jjj1jjj41 and  7#c7 by adding at the
 end the following new subparagraph3    
7,d7 ,inflation adjustment  7i7 ,in     
general ,in the case of any taxable year
 beginning in a calendar year after     
#bjbf1 each dollar amount in            
subparagraphs 7,a71 7,b71 and 7,c7 shall
 be increased by an amount equal to--   
7,i7 such dollar amount1 multiplied by  
7,,ii7 the cost-of-living adjustment    
determined under section #a7;f77#c7 for 
the calendar year in which the taxable  
year begins1 determined by substituting 
calendar year #bjbe for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
7ii7 ,rounding ,any increase determined 
under clause 7i7 shall be rounded to the
 nearest multiple of #a1jjj4  4  7b7    
,extension of termination ,subsection   
7h7 of section #aha of such ,code1 as   
redesignated and amended by section     
#gjdcd of ,public ,law #aai-ba1 is      
amended by striking ,december #ca1 #bjbe
 and inserting ,december #ca1 #bjcj4    
7c7 ,effective date ,the amendments made

 by this section shall apply to         
productions commencing in taxable years 
ending after ,december #ca1 #bjbe4