HR 1259 · 118th Congress · Taxation

HITS Act

Introduced 2023-02-28· Sponsored by Rep. Sánchez, Linda T. [D-CA-38]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-02-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

17 Democrats3 Republicans
Rep. Estes, Ron [R-KS-4]KS
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Quigley, Mike [D-IL-5]IL
Rep. McGovern, James P. [D-MA-2]MA
Rep. Panetta, Jimmy [D-CA-19]CA
Rep. Chu, Judy [D-CA-28]CA
Rep. Schiff, Adam B. [D-CA-30]CA
Rep. Casar, Greg [D-TX-35]TX
Rep. Brownley, Julia [D-CA-26]CA
Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4]GA
Rep. Evans, Dwight [D-PA-3]PA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Gomez, Jimmy [D-CA-34]CA
Rep. Doggett, Lloyd [D-TX-37]TX
Rep. Kilmer, Derek [D-WA-6]WA
Rep. Williams, Nikema [D-GA-5]GA
Rep. Nadler, Jerrold [D-NY-12]NY
Rep. Lieu, Ted [D-CA-36]CA
Rep. Carter, Earl L. "Buddy" [R-GA-1]GA
Rep. Green, Mark E. [R-TN-7]TN