Summary: H.R.1945 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.1945. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/16/2021)

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.