Posted March 11th, 2021 for Broadcast Music
Posted in on March 11, 2021
Today, President Biden signed the sweeping $1.9 trillion COVID-19 relief package called the American Rescue Plan Act of 2021, offering support to many individuals economically impacted by the pandemic, including music creators, copyright owners, and other small businesses. This vital legislation includes the following provisions that can help the creative community:
Direct Payments: The American Rescue Plan provides a $1,400 payment to supplement the $600 already provided in December. Individuals earning up to $75,000 and couples earning up to $150,000 will receive the full direct payments of $1,400 per person. Individuals will also receive an additional $1,400 payment for each dependent claimed on their tax returns.