The provision seeks to amend Section 181 of the tax code, which currently offers deductions for “qualified film or television production, and any qualified live theatrical production,” to include “qualified sound recording production,” a change for which the Recording Academy, the group behind the Grammy Awards, has heavily lobbied.
The language mirrors that of the HITS Act, a bipartisan bill headed by Sens. Dianne Feinstein (D-Calif.), Marsha Blackburn (R-Tenn.), and Reps. Linda Sánchez (D-Calif.) and Ron Estes (R-Kansas).
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The language was previously omitted from two pandemic relief measures despite lobbying efforts.
The Recording Academy praised the move, lauding Feinstein and Sánchez for their efforts to push for the change.
Proponents of the provision argue that it’s a necessary step to help equalize tax breaks throughout the entertainment industry and aid independent musicians, technicians, and producers that the pandemic has financially impacted.
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“We are thankful to @RepLindaSanchez and @SenFeinstein for their leadership in pushing the #HITSAct forward, and to our constituents and advocacy team on the ground in D.C. for their support in championing this key piece of legislation on behalf of music creators,” the group tweeted.
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“The inclusion of the #HITSAct in the most recent version of the House Build Back Better Act is an important win. An important win for the music creators and @RecordingAcad members who have been fighting to create a foothold for recovery amidst the challenges presented by the pandemic. #HITSAct.”
House Democratic leaders are scrambling to rally support around the reconciliation measure. There are disagreements over a handful of provisions between the different factions of the party surface. Speaker Nancy Pelosi (D-Calif.) has asserted she would like to see the social spending measure and a Senate-passed $1.2 trillion bipartisan infrastructure package passed by the end of the week.
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This comes as Progressives are declaring victory ahead of a possible vote Thursday on President Biden’s social spending and climate package while saying they shouldn’t be blamed for their party losing the Governor’s race in Virginia.
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Liberals in the House for weeks have refused to allow a vote on a bipartisan infrastructure bill approved by the Senate without also getting one on the larger budget package.
Now it appears the House is inching toward a vote on that legislation, with another on the infrastructure bill to follow on Friday.
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Progressives led by Congressional Progressive Caucus Chairwoman Pramila Jayapal (D-Wash.) have seen the bill get whittled down from $3.5 trillion amid opposition from Sen. Joe Manchin (D-W.Va.), Sen. Kyrsten Sinema (D-Ariz.) and House centrists, and they’ve had to agree to concessions on priority policies.
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