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- H.R.1945
H.R.1945: HITS Act
About This Bill
- Introduced March 16, 2021
- Latest Major Action March 16, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
47 (33 Democrats, 14 Republicans)
Bill Version
- Introduced in House - March 16, 2021
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 |
---|---|
March 16, 2021 |
Referred to the House Committee on Ways and Means.
|
March 16, 2021 |
Introduced in the House by Linda T. Sánchez (D-Calif.) |