Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.7886
H.R.7886: HITS Act
About This Bill
- Introduced July 30, 2020
- Latest Major Action July 30, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
40 (23 Democrats, 17 Republicans)
Bill Version
- Introduced in House - July 30, 2020
Bill Summary
Help Independent Tracks Succeed Act or the HITS Act 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 qualified sound recording production as certain sound recordings produced and recorded in the United States.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2020 |
Referred to the House Committee on Ways and Means.
|
| July 30, 2020 |
Referred to the Subcommittee on Select Revenue Measures.
|
| July 30, 2020 |
Introduced in the House by Linda T. Sánchez (D-Calif.) |