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Bill117th CongressFiled Mar 16, 2021Taxation
S. 752

HITS Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in senate (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

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1571-1572)

Who’s behind it

Sen. Feinstein, Dianne [D-CA](D-CA)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors1committees2actions2related bills3subjects
  1. Mar 16, 2021IntroReferral

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1571-1572)

    Finance Committee
  2. Mar 16, 2021IntroReferral10000

    Introduced in Senate

HITS Act — Informed