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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-03-16 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2021-03-16 | IntroReferral | Introduced in House | Library of Congress |