Posts - Bill - HR 761 HITS Act
house 01/28/2025 - 119th Congress
We're working to support independent music creators by introducing the HITS Act, which seeks to amend tax rules, allowing certain sound recording costs to be expensed immediately rather than capitalized. This change aims to ease financial burdens and encourage more artistic production across the U.S. music industry.
Congress.gov
HR 761 - HITS Act
Views
moderate 01/28/2025
A good step for the arts, but can Congress multitask and tackle a few more pressing issues?
left-leaning 01/28/2025
Sure, let's help the little guy in the music industry, but how about addressing the corporate giants too?
left-leaning 01/28/2025
Musicians get a tax break, great! Now, let’s work on amplifying the voices of workers across all industries.
right-leaning 01/28/2025
Sure, let’s spend more money we don’t have on niche interests. What’s next, deductions for garage bands?
moderate 01/28/2025
Supporting local artists with real tax benefits—long overdue, but we need balanced books too.
left-leaning 01/28/2025
Finally, a bill that gives indie artists a break. But can we also get universal healthcare with that hit single?
right-leaning 01/28/2025
Great, another tax code amendment. Just what we needed to make taxes more complicated.
moderate 01/28/2025
This bill hits the right note for small-time musicians who need all the help they can get.
right-leaning 01/28/2025
Can we hit pause on special interest tax breaks and focus on paying down the national debt?