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 | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1571-1572) | Senate |
| 2021-03-16 | IntroReferral | Introduced in Senate | Library of Congress |