HITS Act
USA116th CongressHR-7886| House
| Updated: 7/30/2020
Linda T. Sánchez
Democratic Representative
California
Cosponsors (40)
Dwight Evans (Democratic)Mo Brooks (Republican)John Katko (Republican)Adam B. Schiff (Democratic)Martha Roby (Republican)Stephanie N. Murphy (Democratic)Ed Case (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Darin LaHood (Republican)Jimmy Panetta (Democratic)Dina Titus (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Andy Biggs (Republican)Suzan K. DelBene (Democratic)Earl L. "Buddy" Carter (Republican)Billy Long (Republican)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Bill Flores (Republican)Jodey C. Arrington (Republican)Harley Rouda (Democratic)Jim Cooper (Democratic)Jerrold Nadler (Democratic)Will Hurd (Republican)Ron Estes (Republican)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Mark E. Green (Republican)Michael T. McCaul (Republican)Debbie Lesko (Republican)Yvette D. Clarke (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)George Holding (Republican)Alcee L. Hastings (Democratic)Louie Gohmert (Republican)Grace F. Napolitano (Democratic)Judy Chu (Democratic)
Ways and Means Committee, Tax Subcommittee
- 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 Subcommittee on Select Revenue Measures.
Referred to the House Committee on Ways and Means.
Taxation
Business expensesIncome tax deductionsMusic
HITS Act
USA116th CongressHR-7886| House
| Updated: 7/30/2020
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 Subcommittee on Select Revenue Measures.
Referred to the House Committee on Ways and Means.
Linda T. Sánchez
Democratic Representative
California
Cosponsors (40)
Dwight Evans (Democratic)Mo Brooks (Republican)John Katko (Republican)Adam B. Schiff (Democratic)Martha Roby (Republican)Stephanie N. Murphy (Democratic)Ed Case (Democratic)Darren Soto (Democratic)Sheila Jackson Lee (Democratic)Darin LaHood (Republican)Jimmy Panetta (Democratic)Dina Titus (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Andy Biggs (Republican)Suzan K. DelBene (Democratic)Earl L. "Buddy" Carter (Republican)Billy Long (Republican)Lucille Roybal-Allard (Democratic)Ted Lieu (Democratic)Bill Flores (Republican)Jodey C. Arrington (Republican)Harley Rouda (Democratic)Jim Cooper (Democratic)Jerrold Nadler (Democratic)Will Hurd (Republican)Ron Estes (Republican)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Mark E. Green (Republican)Michael T. McCaul (Republican)Debbie Lesko (Republican)Yvette D. Clarke (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)George Holding (Republican)Alcee L. Hastings (Democratic)Louie Gohmert (Republican)Grace F. Napolitano (Democratic)Judy Chu (Democratic)
Ways and Means Committee, Tax Subcommittee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business expensesIncome tax deductionsMusic