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Main Subject: Taxation

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.

S752-117, HR5376-117,

House floor actions Actions

IntroReferral
Mar. 16 2021	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Mar. 16 2021	Introduced in House Introduced in House

House bill HR1945-117

HITS Act

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