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H.R. 1259 118th Congress House

HITS Act

Official title: To amend the Internal Revenue Code of 1986 to provide for an election to expense certain qualified sound recording costs otherwise chargeable to capital account.

Introduced: February 28, 2023 Introduced by: Linda T. Sánchez Democratic · California See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2023
Introduced in House
Feb 28, 2023
Referred to the House Committee on Ways and Means.
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 Latest action February 28, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 1625 Identical bill HITS Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 33
All 33 Democratic 27 Republican 4
D
Casten, Sean
Illinois · Oct 29, 2024
 D
Bonamici, Suzanne
Oregon · Oct 18, 2024
 D
Goldman, Daniel S.
New York · Oct 18, 2024
 D
Neguse, Joe
Colorado · Oct 18, 2024
 D
DelBene, Suzan K.
Washington · Oct 8, 2024
 D
Scanlon, Mary Gay
Pennsylvania · Jun 18, 2024
 D
Cohen, Steve
Tennessee · Dec 19, 2023
 D
Frost, Maxwell
Florida · Oct 30, 2023
 D
Jayapal, Pramila
Washington · Oct 17, 2023
 D
Kamlager-Dove, Sydney
California · Oct 11, 2023
 R
Bice, Stephanie I.
Oklahoma · Oct 10, 2023
 D
Carson, André
Indiana · Sep 26, 2023
 D
Plaskett, Stacey E.
Virgin Islands · Sep 22, 2023
 R
Carter, Earl L. "Buddy"
Georgia · Sep 14, 2023
 R
Green, Mark E.
Texas · Sep 14, 2023
 D
Lieu, Ted
California · Sep 12, 2023
 D
Nadler, Jerrold
New York · Aug 25, 2023
 D
Doggett, Lloyd
Texas · Aug 22, 2023
Kilmer, Derek
· Aug 22, 2023
 D
Williams, Nikema
Georgia · Aug 22, 2023
Blumenauer, Earl
· Aug 18, 2023
 D
Brownley, Julia
California · Aug 18, 2023
 D
Evans, Dwight
Pennsylvania · Aug 18, 2023
 D
Gomez, Jimmy
California · Aug 18, 2023
 D
Johnson, Henry C. "Hank"
Georgia · Aug 18, 2023
 D
Casar, Greg
Texas · May 23, 2023
 D
Chu, Judy
California · May 2, 2023
 D
Panetta, Jimmy
California · May 2, 2023
 D
Schiff, Adam B.
California · May 2, 2023
 D
McGovern, James P.
Massachusetts · Mar 14, 2023
 D
Norton, Eleanor Holmes
District of Columbia · Mar 14, 2023
 D
Quigley, Mike
Illinois · Mar 14, 2023
 R
Estes, Ron
Kansas · Feb 28, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1259: HITS Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1259/
MLA
"H.R. 1259: HITS Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1259/.
Bluebook (legal)
H.R. 1259, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1259/.
Markdown link
[H.R. 1259: HITS Act](https://openamerica.io/bill/118-HR-1259/)
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