HITS Act
USA117th CongressHR-1945| House
| Updated: 3/16/2021
Linda T. Sánchez
Democratic Representative
California
Cosponsors (47)
Dwight Evans (Democratic)Nikema Williams (Democratic)David Kustoff (Republican)John Katko (Republican)Adam B. Schiff (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Derek Kilmer (Democratic)Patrick Ryan (Democratic)Darin LaHood (Republican)Stephanie I. Bice (Republican)Jimmy Panetta (Democratic)Tom McClintock (Republican)Pete Sessions (Republican)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Angie Craig (Democratic)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Billy Long (Republican)Adriano Espaillat (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Henry C. "Hank" Johnson (Democratic)Jodey C. Arrington (Republican)Jim Cooper (Democratic)G. K. Butterfield (Democratic)Jerrold Nadler (Democratic)Ron Estes (Republican)Eleanor Holmes Norton (Democratic)Mark E. Green (Republican)Michael T. McCaul (Republican)Jamie Raskin (Democratic)Mike Quigley (Democratic)Julia Brownley (Democratic)Marie Newman (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Josh Gottheimer (Democratic)Nanette Diaz Barragán (Democratic)Jimmy Gomez (Democratic)Jamaal Bowman (Democratic)Louie Gohmert (Republican)Lloyd Doggett (Democratic)Grace F. Napolitano (Democratic)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business expensesIncome tax deductionsMusic
HITS Act
USA117th CongressHR-1945| House
| Updated: 3/16/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Linda T. Sánchez
Democratic Representative
California
Cosponsors (47)
Dwight Evans (Democratic)Nikema Williams (Democratic)David Kustoff (Republican)John Katko (Republican)Adam B. Schiff (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Derek Kilmer (Democratic)Patrick Ryan (Democratic)Darin LaHood (Republican)Stephanie I. Bice (Republican)Jimmy Panetta (Democratic)Tom McClintock (Republican)Pete Sessions (Republican)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Angie Craig (Democratic)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Billy Long (Republican)Adriano Espaillat (Democratic)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Henry C. "Hank" Johnson (Democratic)Jodey C. Arrington (Republican)Jim Cooper (Democratic)G. K. Butterfield (Democratic)Jerrold Nadler (Democratic)Ron Estes (Republican)Eleanor Holmes Norton (Democratic)Mark E. Green (Republican)Michael T. McCaul (Republican)Jamie Raskin (Democratic)Mike Quigley (Democratic)Julia Brownley (Democratic)Marie Newman (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Josh Gottheimer (Democratic)Nanette Diaz Barragán (Democratic)Jimmy Gomez (Democratic)Jamaal Bowman (Democratic)Louie Gohmert (Republican)Lloyd Doggett (Democratic)Grace F. Napolitano (Democratic)Judy Chu (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business expensesIncome tax deductionsMusic