HOUSE 1259118th CongressReferred to the House Committee on Ways and Means.
HITS Act
- Last Action
- 2/28/2023
Actions
- 2023-02-28Referred to the House Committee on Ways and Means.
- 2023-02-28Introduced in House
- 2023-02-28Introduced in House
CRS Summary
As of 2023-02-28 (00)
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.
Cosponsors (20)
- Ron Estes (R-KS)
- ELEANOR NORTON (D-DC)
- Mike Quigley (D-IL)
- JAMES MCGOVERN (D-MA)
- Jimmy Panetta (D-CA)
- Judy Chu (D-CA)
- ADAM SCHIFF (D-CA)
- Greg Casar (D-TX)
- Julia Brownley (D-CA)
- Henry Johnson (D-GA)
- Dwight Evans (D-PA)
- EARL BLUMENAUER (D-OR)
- Jimmy Gomez (D-CA)
- LLOYD DOGGETT (D-TX)
- Derek Kilmer (D-WA)
- Nikema Williams (D-GA)
- JERROLD NADLER (D-NY)
- Ted Lieu (D-CA)
- Earl Carter (R-GA)
- Mark Green (R-TN)
Sourced from Congress.gov (public domain).
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