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United States · Bill · HR

H.R. 7886 (116th)

HITS Act

referredUnited States· United States Congress· EN

Introduced

30 July 2020

Last action

30 July 2020 · Introduced

Status

Referred to the Subcommittee on Select Revenue Measures.

Sponsors

Rep. Sánchez, Linda T. [D-CA-38], Rep. Estes, Ron [R-KS-4], Sen. Schiff, Adam B. [D-CA], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Holding, George [R-NC-2], Rep. Jackson Lee, Sheila [D-TX-18], Rep. McCaul, Michael T. [R-TX-10], Rep. Napolitano, Grace F. [D-CA-32], Rep. Roby, Martha [R-AL-2], Rep. Sherman, Brad [D-CA-32], Rep. Chu, Judy [D-CA-28], Rep. Katko, John [R-NY-24], Rep. Brooks, Mo [R-AL-5], Rep. Long, Billy [R-MO-7], Rep. Soto, Darren [D-FL-9], Rep. Lieu, Ted [D-CA-36], Rep. Cooper, Jim [D-TN-5], Rep. Clarke, Yvette D. [D-NY-9], Rep. Titus, Dina [D-NV-1], Rep. Hastings, Alcee L. [D-FL-20], Rep. Rouda, Harley [D-CA-48], Rep. Case, Ed [D-HI-1], Rep. Green, Mark E. [R-TN-7], Rep. Evans, Dwight [D-PA-3], Rep. Lesko, Debbie [R-AZ-8], Rep. Arrington, Jodey C. [R-TX-19], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Blumenauer, Earl [D-OR-3], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Cárdenas, Tony [D-CA-29], Rep. DelBene, Suzan K. [D-WA-1], Rep. LaHood, Darin [R-IL-16], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Panetta, Jimmy [D-CA-19], Rep. Nadler, Jerrold [D-NY-12], Rep. Cohen, Steve [D-TN-9], Rep. Gohmert, Louie [R-TX-1], Rep. Flores, Bill [R-TX-17], Rep. Biggs, Andy [R-AZ-5], Rep. Murphy, Stephanie N. [D-FL-7], Rep. Hurd, Will [R-TX-23]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 July 2020

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 30 July 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 July 2020

    Referred

    Referred to the Subcommittee on Select Revenue Measures.

    Source: Committee

  4. 30 July 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 30 July 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 30 July 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 30 July 2020

    Open at official source

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Sponsors

Related records

Sources

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