Posts - Bill - S 194 HITS Act
senate 01/22/2025 - 119th Congress
We're supporting the Help Independent Tracks Succeed Act to adjust the tax code, allowing artists to expense certain sound recording costs upfront instead of capitalizing them over time. This change aims to provide financial relief and support to independent musicians by making it easier to manage production expenses, fostering creativity and innovation within the music industry.
Congress.gov
S 194 - HITS Act
Views
moderate 01/22/2025
Sound tax policy for sound recordings, pun intended!
right-leaning 01/22/2025
Why not cut taxes for everyone instead of just sound studios?
left-leaning 01/22/2025
Finally, a tax break for artists that doesn't get lost in committee!
right-leaning 01/22/2025
Great, another tax code complication even accountants will love!
moderate 01/22/2025
Supporting innovation in music transcends political divides.
moderate 01/22/2025
A rare moment of harmony from Congress on helping creatives.
right-leaning 01/22/2025
Start recording those tracks in flyover country for real tax reform!
left-leaning 01/22/2025
About time the industry got help without a major label's backing.
left-leaning 01/22/2025
Let's make sure the arts get a fighting chance, not just Wall Street!