H.R. 1945 · 117th Congress
Help Independent Tracks Succeed Act
- Stage
- In committee
- Sponsor
- Linda Sánchez
- Introduced
- 2021-03-16
- Latest action
- 2021-03-16 · Introduced in House
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.