Artists Could Immediately Deduct $150,000 In Recording Expenses Under Reintroduced HITS Act

Lawmakers have officially reintroduced the Help Independent Tracks Succeed Act (HITS Act), which, if passed and signed into law, would enable artists to automatically deduct up to $150,000 in recording expenses as opposed to amortizing the costs over a multiyear stretch. Three days removed from the 63rd Grammys, the Recording Academy, which championed the HITS […]
The post Artists Could Immediately Deduct $150,000 In Recording Expenses Under Reintroduced HITS Act appeared first on Digital