S 2872
117th Congress
Senate
Taxation
Performing Artist Tax Parity Act of 2021
Introduced: September 28, 2021
Introduced by:
Warner, Mark R.
Democratic
· Virginia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2021
Read twice and referred to the Committee on Finance.
Sep 28, 2021
Introduced in Senate
Plain-English summary
Performing Artist Tax Parity Act of 2021
This bill modifies the tax deduction for the expenses of performing artists (including commissions paid to managers or agents) to provide for a phaseout of such deduction for taxpayers whose adjusted gross income exceeds $100,000 ($200,000 for joint return filers). The $100,000 phaseout threshold is adjusted for inflation annually for taxable years beginning after 2021.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1