Proposed Bill To Benefit Songwriters

Rep. Ron Lewis, R-Ky., introduced a bill Feb. 4 that would allow songwriters to claim capital gains when selling compilations of their work.

Rep. Ron Lewis, R-Ky., introduced a bill Feb. 4 that would allow songwriters to claim capital gains when selling compilations of their work.

Titled the Songwriters' Capital Gains Equity Act, H.R.3776, the pending bill reflects the current partner relationship between songwriters and music publishers, wherein songwriters often share in costs of exploiting their music compositions.

The bill has been referred to the House Ways and Means Committee. The Nashville Songwriters Assn. International brought the issue of tax fairness to Capitol Hill.
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