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Tax Relief for US Music Recording Producers

This new law changes tax rules, allowing US music recording producers to deduct production costs more quickly. This means independent artists and small recording studios can receive greater financial support, potentially fostering the growth of the local music scene and increasing the diversity of available music.
Key points
Music recording producers can now deduct up to $150,000 annually in production costs as immediate expenses, rather than spreading them over time.
This change applies to recordings produced and recorded within the United States.
The act aims to support independent artists and small businesses in the music industry, making it easier for them to invest in new projects.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_761
Sponsor: Rep. Estes, Ron [R-KS-4]
Process start date: 2025-01-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

HITS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_761.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-28.

What are the main provisions?

Key points include:

  • Music recording producers can now deduct up to $150,000 annually in production costs as immediate expenses, rather than spreading them over time.
  • This change applies to recordings produced and recorded within the United States.
  • The act aims to support independent artists and small businesses in the music industry, making it easier for them to invest in new projects.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Estes, Ron [R-KS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Media and Culture Economy