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    <number>1625</number>
    <updateDate>2025-12-05T08:14:32Z</updateDate>
    <updateDateIncludingText>2025-12-05T08:14:32Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2023-05-16</introducedDate>
    <congress>118</congress>
    <legislationUrl>https://www.congress.gov/bill/118th-congress/senate-bill/1625</legislationUrl>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred To</name>
            <date>2023-05-16T21:28:52Z</date>
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      <item>
        <title>HITS Act</title>
        <congress>118</congress>
        <number>1259</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-02-28</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
        </latestAction>
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            <type>Identical bill</type>
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        <actionDate>2023-05-16</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1680-1681)</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2023-05-16</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    </actions>
    <sponsors>
      <item>
        <bioguideId>F000062</bioguideId>
        <fullName>Sen. Feinstein, Dianne [D-CA]</fullName>
        <firstName>Dianne</firstName>
        <lastName>Feinstein</lastName>
        <party>D</party>
        <state>CA</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B001243</bioguideId>
        <fullName>Sen. Blackburn, Marsha [R-TN]</fullName>
        <firstName>Marsha</firstName>
        <lastName>Blackburn</lastName>
        <party>R</party>
        <state>TN</state>
        <sponsorshipDate>2023-05-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001113</bioguideId>
        <fullName>Sen. Cortez Masto, Catherine [D-NV]</fullName>
        <firstName>Catherine</firstName>
        <lastName>Cortez Masto</lastName>
        <party>D</party>
        <state>NV</state>
        <sponsorshipDate>2023-11-15</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001320</bioguideId>
        <fullName>Sen. Butler, Laphonza R. [D-CA]</fullName>
        <firstName>Laphonza</firstName>
        <lastName>Butler</lastName>
        <party>D</party>
        <state>CA</state>
        <sponsorshipDate>2024-01-23</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-05-30T15:30:21Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-05-16</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2023-05-30T17:23:41Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;Help Independent Tracks Succeed Act or the HITS Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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 &lt;i&gt;qualified sound recording production&lt;/i&gt; as certain sound recordings produced and recorded in the United States. &lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>HITS Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>HITS Act</title>
        <updateDate>2024-07-24T15:22:09Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>HITS Act</title>
        <updateDate>2024-05-24T13:39:55Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Help Independent Tracks Succeed Act</title>
        <updateDate>2024-05-24T13:39:55Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <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.</title>
        <updateDate>2023-05-26T23:58:50Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2023-05-16T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118s1625is/xml/BILLS-118s1625is.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2023-05-16</actionDate>
      <text>Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1680-1681)</text>
    </latestAction>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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