,,ii  #aaith ,,congress  #ast ,session  
,s4 #becj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #cj1     
#bjbe,mrs4 ,blackburn 7for herself and  
,mr4 ,warnock7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,finance  ,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 ,audio and ,television ,enterprises
 ,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