CREATE JOBS Act

Senate Bill

S. 2056

119th Congress

CREATE JOBS Act

In Committee

Introduced:Jun 12, 2025

Primary Sponsor

Ted Cruz

Senator

Republican

TX

Cosponsors

1

Quick Stats

Policy Area

Armed Forces and National Security

Summary

The CREATE JOBS Act would make permanent a tax rule that lets businesses immediately deduct the full cost of certain equipment and property purchases in the year they buy them, rather than spreading the deduction over many years. The bill also creates a new system that adjusts depreciation deductions for buildings to account for inflation and economic growth over time.

Latest Action

Read twice and referred to the Committee on Veterans' Affairs.

SponsorTed Cruz (R-TX)

Introduced6/12/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

CREATE JOBS Act

The CREATE JOBS Act would make permanent a tax rule that lets businesses immediately deduct the full cost of certain equipment and property purchases in the year they buy them, rather than spreading the deduction over many years. The bill also creates a new sy

Community Breakdown

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The CREATE JOBS Act would make permanent a tax rule that lets businesses immediately deduct the full cost of certain equipment and property purchases in the year they buy them, rather than spreading the deduction over many years. The bill also creates a new system that adjusts depreciation deductions for buildings to account for inflation and economic growth over time.

Bill Number: 2056
Sponsor: Ted Cruz (R-TX)
Introduced: 6/12/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Armed Forces and National Security

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: CREATE JOBS Act
Bill Number: 2056
Sponsor: Ted Cruz (R-TX)
Status: Read twice and referred to the Committee on Finance.
Introduced: 6/12/2025
Summary: The CREATE JOBS Act would make permanent a tax rule that lets businesses immediately deduct the full cost of certain equipment and property purchases in the year they buy them, rather than spreading the deduction over many years. The bill also creates a new system that adjusts depreciation deduction

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The CREATE JOBS Act would make permanent a tax rule that lets businesses immediately deduct the full cost of certain equipment and property purchases in the year they buy them, rather than spreading the deduction over many years. The bill also creates a new system that adjusts depreciation deductions for buildings to account for inflation and economic growth over time.

Last updated: 3/2/2026

Key Points

Main provisions of the bill

Businesses could permanently deduct 100% of the cost of qualified equipment and machinery in the year of purchase, rather than deducting portions over multiple years.
The immediate deduction would apply to property placed in service after September 27, 2017, making permanent a benefit that was previously set to phase out.
A new inflation adjustment system would apply to residential rental properties and commercial buildings, increasing their depreciation deductions each year based on economic growth and inflation.
The inflation adjustment would use the GDP deflator plus 3% annual growth to calculate increased deductions for buildings over time.
Businesses could choose whether to use the new inflation-adjusted depreciation system for their buildings.

How This Impacts Americans

Potential effects on citizens and communities

This bill primarily affects businesses of all sizes that purchase equipment, machinery, or buildings. Companies would receive larger and faster tax deductions, which could reduce their tax bills and free up cash for other investments or operations. The changes would particularly benefit capital-intensive businesses that regularly purchase expensive equipment or own rental properties and commercial real estate.

Policy Areas

Primary Policy Area

Armed Forces and National Security

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2056, 119th Congress (2025). "CREATE JOBS Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2056

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