HR 1945 United States House · 117th Congress

HITS Act

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2021

Committee Review

Floor Vote

President

Introduced Mar 16, 2021 Last action Mar 16, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Mar 16, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Mar 16, 2021

Introduced

Introduced in House

lower

1 primary · 47 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Linda T. Sánchez

Adriano Espaillat

Brian K. Fitzpatrick