Performing Artist Tax Parity Act of 2021
Latest action · Sep 28, 2021 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 28, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Sep 28, 2021 to Dec 14, 2022; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Bill Hagerty | Original | Sep 28, 2021 |
| D-CA | Alex Padilla | Dec 6, 2021 | |
| D-NY | Kirsten E. Gillibrand | Dec 9, 2021 | |
| D-CT | Christopher Murphy | Jan 11, 2022 | |
| D-MI | Gary C. Peters | Jan 11, 2022 | |
| D-MN | Amy Klobuchar | Feb 1, 2022 | |
| D-NV | Catherine Cortez Masto | Feb 1, 2022 | |
| D-CA | Dianne Feinstein | Feb 1, 2022 | |
| D-NV | Jacky Rosen | Feb 1, 2022 | |
| D-OH | Sherrod Brown | Feb 1, 2022 | |
| D-HI | Brian Schatz | Feb 7, 2022 | |
| D-CO | John W. Hickenlooper | Feb 7, 2022 | |
| D-NM | Martin Heinrich | Feb 7, 2022 | |
| D-NJ | Robert Menendez | Feb 7, 2022 | |
| D-NH | Margaret Wood Hassan | Sep 13, 2022 | |
| D-CO | Michael F. Bennet | Nov 14, 2022 | |
| D-IL | Richard J. Durbin | Nov 14, 2022 | |
| D-NM | Ben Ray Luján | Dec 14, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Sep 28, 2021 |
Actions 2
Everything that happened, newest first.
- Sep 28, 2021Introduced in Senate
- Sep 28, 2021Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4750 | Performing Artist Tax Parity Act of 2021 | Related bill | Jul 28, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for above-the-line deduction of expenses of performing artist employees, and for other purposes.
- Short Title(s) as Introduced
- Performing Artist Tax Parity Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 28, 2021Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
