Congress is considering legislation that would cause radio stations with annual gross revenues of less than $100,000 to pay $500 each year. And, those with gross revenues between $100,000 and $500,000 to pay $2,500. Those between $500,000 and $1.25 million would pay a royalty fee of $5,000 per year.
This “performance tax” is supposedly for the benefit of artists whose music is currently played for free.
Some are citing that it is putting minority-owned radio stations out of business.
For a more in-depth discussion of this subject read “this ” and then leave me your thoughts as an artist that might be impacted by this decision.
Inquiring minds want to know!
Maybe a member of “The KELGroup” would like to chime in here?