S. 194 119th Congress Senate

HITS Act

Official title: A bill 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: January 22, 2025 Introduced by: Marsha Blackburn Republican · Tennessee See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 22, 2025

Read twice and referred to the Committee on Finance.

Jan 22, 2025

Introduced in Senate

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What's happening now January 22, 2025

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 12

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

NVG, LLC
for AMERICAN ASSOCIATION OF INDEPENDENT MUSIC · New York · 3rd Quarter 2025 (July 1 - Sep 30)
RECORDING ACADEMY (FKA NATIONAL ACADEMY OF RECORDING ARTS AND SCIENCES)
for RECORDING ACADEMY · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
GREENBERG TRAURIG, LLP
for RECORDING ACADEMY · California · 3rd Quarter 2025 (July 1 - Sep 30)
GREENBERG TRAURIG, LLP
for SESAC RIGHTS MANAGEMENT INC · Tennessee · 3rd Quarter 2025 (July 1 - Sep 30)
RECORDING ACADEMY (FKA NATIONAL ACADEMY OF RECORDING ARTS AND SCIENCES)
for RECORDING ACADEMY · District of Columbia · 2nd Quarter 2025 (Apr 1 - June 30)
NVG, LLC
for AMERICAN ASSOCIATION OF INDEPENDENT MUSIC · New York · 2nd Quarter 2025 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
12 filings
SENATE
12 filings
State, Dept of (DOS)
5 filings
Bureau of Citizenship & Immigration Services (BCIS)
3 filings
Federal Trade Commission (FTC)
3 filings
Justice, Dept of (DOJ)
3 filings
Natl Endowment for the Arts
3 filings
U.S. Copyright Office
3 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 12 filings →

Cosponsors 1

Cortez Masto, Catherine

Nevada · Jan 22, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). S. 194: HITS Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-194/

MLA

"S. 194: HITS Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-194/.

Bluebook (legal)

S. 194, 119th Cong. (2026), https://openamerica.io/bill/119-S-194/.

Markdown link

[S. 194: HITS Act](https://openamerica.io/bill/119-S-194/)