HITS Act

United States118th CongressHR-1259House of Representatives
Updated: Feb 28, 2023

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 (House)View official text

1 version available

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Timeline

Latest companion bill action

S-1625: HITS Act

Introduced in Senate

  1. Introduced in House

  2. Referred to the House Committee on Ways and Means.

    House of Representatives

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