HITS Act

United States116th CongressS-4955Senate
Updated: Dec 3, 2020

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 texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-7886: HITS Act

Referred to the Subcommittee on Select Revenue Measures.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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