Section 181 Goes Platinum: A Tax Relief Game-Changer for Recording Artists and Labels

The entertainment industry just received a major boost. Embedded in the newly enacted federal “One Big Beautiful Bill” (H.R. 1, Public Law 119‑21) is a transformative update to Section 181 of the Internal Revenue Code — expanding its reach and unlocking significant new opportunities for film, television, and now, recording artists and labels. These opportunities even have the potential for extension under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.