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Search Results: keywords:"sound recordings"

  • H.R. 761 proposes changes to the Internal Revenue Code of 1986 to allow creators of sound recordings to expense certain production costs immediately, rather than capitalizing them. This means that the costs of producing qualified sound recordings—created and recorded in the...

    Simple Explanation

    Here's a bill that changes tax rules so people who make music in the U.S. can spend less money on taxes by writing off their music-making costs right away, instead of waiting. It helps small music projects but might be tricky for bigger ones or those made outside the U.S.

  • H.R. 861, titled the "American Music Fairness Act of 2025," aims to amend U.S. copyright law to ensure fair compensation for radio stations and artists when sound recordings are used. It extends performance rights to terrestrial broadcasts and internet services, setting royalty rates for...

    Simple Explanation

    The "American Music Fairness Act of 2025" is like a rulebook that says radio stations should pay fair money to music makers for playing their songs, just like if they were playing with someone's toys and had to say thank you with a cookie. It makes sure little radio stations don’t have to pay too much, kind of like sharing toys with friends but making sure the littlest friend doesn’t have to share as many.

  • S. 326, titled the "American Music Fairness Act," aims to amend title 17 of the United States Code to ensure fair compensation for radio stations and artists when sound recordings are used. The bill proposes changes to existing laws to include terrestrial radio broadcasts...

    Simple Explanation

    The "American Music Fairness Act" is a plan to make sure radio stations pay fairly when they play songs, especially helping smaller stations pay less, so both the musicians who make the songs and people who listen to the radio can be happy.

  • S. CON. RES. 8 supports the Local Radio Freedom Act, highlighting the importance of local radio stations and their current beneficial relationship with the music industry. The resolution urges Congress not to introduce any new fees, taxes, or royalties for playing music over...

    Simple Explanation

    S. CON. RES. 8 is about local radio stations and says that Congress shouldn't make them pay extra money to play music, so they can keep giving us free news and songs.