Bill117th CongressFiled Mar 16, 2021Taxation
H.R. 1945
HITS Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 16, 2021)
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.
What just happenedMar 16, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Sánchez, Linda T. [D-CA-38](D-CA)Sponsor
47 cosponsors33 D14 R
47cosponsors1committees3actions2related bills3subjects
- Introduced in HouseMar 16, 2021
- Mar 16, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 16, 2021IntroReferralIntro-H
Introduced in House
- Mar 16, 2021IntroReferral1000
Introduced in House