Politiparty
Politiparty

118th Congress Taxation

H.R. 1259: HITS Act

Introduced

  1. Introduced (completed)Feb 28, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 28, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

33

Bipartisan support.

Who scored on this bill

12 points earned
  1. 1Linda Sánchez D-CA SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone3 events+12
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

History

  1. Feb 28, 2023Introduced in the House by Linda Sánchez.
Show the full action history (2 actions)
  1. Feb 28, 2023Introduced in House
  2. Feb 28, 2023Referred to the House Committee on Ways and Means.