Page 129 - பதிவு தொழில் சங்கம் ஆஃப் அமெரிக்கா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A general view of The US Capitol Building on Jan. 21, 2020 Washington D.C. The legislation, which was excluded from the last two pandemic relief packages, would allow creators to deduct 100% of recording expenses in the first year. The Help Independent Tracks Succeed (HITS) Act has gotten a second life in Congress. On Tuesday (March 16), all four original sponsors of the bill Reps.  Linda Sánchez (D-CA) and Dianne Feinstein (D-CA) and Marsha Blackburn (R-TN) reintroduced the long-simmering legislation, which would allow musicians, technicians and producers to deduct 100% of recording expenses up to $150,000 on their taxes in the year they re incurred. The bill is fundamentally unchanged from its previous incarnations (introduced July 31 in the House, and the companion bill in the Senate on Dec. 3), which failed to pass as part of the last two pandemic relief packages despite intense lobbying from independent music advocates to have it included.

United statesRichard james burgessHarvey mason jrNational independent venue associationArtists rights allianceMembers of congressNational music publishers associationNational independent talent organizationIm american association of independent musicGospel music associationChristian music trade associationMusic artists coalitionMusic coalitionAmerican association of independent musicDigital media associationNashville songwriters association international