The HITS Act, which stands for Help Independent Tracks Succeed Act, is a federal bill aimed at supporting independent musicians and music creators. The main provisions of the bill include providing tax credits to individuals and businesses that invest in recording artists, producers, and engineers. This bill aims to incentivize financial support for independent music projects and help these creators thrive in the music industry. The HITS Act could potentially have a significant impact on the independent music community by offering financial relief and encouraging more investments in emerging artists and their work.
2023-02-28: Introduced in House
2023-02-28: Referred to the House Committee on Ways and Means.
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