Blackburn, Feinstein Introduce HITS Act To Support Independent Music Creators
May 18, 2023
May 18, 2023
WASHINGTON, May 18 -- Sen. Marsha Blackburn, R-Tennessee, issued the following news release on May 17, 2023:
U.S. Senators Marsha Blackburn (R-Tenn.) and Dianne Feinstein (D-Calif.) introduced the bipartisan Help Independent Tracks Succeed (HITS) Act, a bill that would allow independent music creators - including musicians, technicians, songwriters and producers - to deduct 100 percent of recording production expenses in the year they are incurred, rather than in later years.
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U.S. Senators Marsha Blackburn (R-Tenn.) and Dianne Feinstein (D-Calif.) introduced the bipartisan Help Independent Tracks Succeed (HITS) Act, a bill that would allow independent music creators - including musicians, technicians, songwriters and producers - to deduct 100 percent of recording production expenses in the year they are incurred, rather than in later years.
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