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S. 2872

Performing Artist Tax Parity Act of 2021

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.

Read twice and referred to the Committee on Finance.

Sen. Warner, Mark R. [D-VA](D-VA)Sponsor
18 cosponsors17 D1 R
18cosponsors1committees2actions1related bills
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Performing Artist Tax Parity Act of 2021 — Informed