HR 1945 · 117th Congress

HITS Act

<p><b>Help Independent Tracks Succeed Act or the HITS Act</b></p> <p>This bill permits taxpayers to treat as currently deductible expenses the cost of qualified sound recording productions not exceeding $150,000 in a taxable year. The bill defines <i>qualified sound recording production</i> as certain sound recordi…

Sponsor

Sánchez, Linda T. (D-CA)

Introduced

2021-03-16

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.