summary
Introduced
07/28/2021
07/28/2021
In Committee
07/28/2021
07/28/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
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.
AI Summary
This bill, the Performing Artist Tax Parity Act of 2021, amends the Internal Revenue Code to increase the adjusted gross income limitation for the above-the-line deduction of expenses for performing artist employees. Specifically, it establishes a phaseout of the deduction based on the taxpayer's adjusted gross income, with the deduction being reduced by 10 percentage points for every $2,000 ($4,000 for joint returns) the taxpayer's income exceeds $100,000 ($200,000 for joint returns). The bill also provides for an annual cost-of-living adjustment to the $100,000 income threshold and clarifies that commissions paid to the performing artist's manager or agent are eligible for the deduction. These changes are intended to provide tax relief and parity for performing artists.
Committee Categories
Budget and Finance
Sponsors (93)
Judy Chu (D)*,
Pete Aguilar (D),
Cindy Axne (D),
Don Bacon (R),
Nanette Barragán (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Brendan Boyle (D),
Julia Brownley (D),
Vern Buchanan (R),
G. Butterfield (D),
Tony Cárdenas (D),
Mike Carey (R),
Troy Carter (D),
Matt Cartwright (D),
Joaquin Castro (D),
Yvette Clarke (D),
Emanuel Cleaver (D),
Steve Cohen (D),
Jim Cooper (D),
Danny Davis (D),
Rodney Davis (R),
Antonio Delgado (D),
Debbie Dingell (D),
Lloyd Doggett (D),
Adriano Espaillat (D),
Dwight Evans (D),
Teresa Fernandez (D),
Brian Fitzpatrick (R),
Bill Foster (D),
Andrew Garbarino (R),
Chuy García (D),
Jimmy Gomez (D),
Josh Gottheimer (D),
Brian Higgins (D),
Steven Horsford (D),
Chrissy Houlahan (D),
Jared Huffman (D),
Pramila Jayapal (D),
Dave Joyce (R),
Marcy Kaptur (D),
John Katko (R),
Dan Kildee (D),
Derek Kilmer (D),
Ann Kuster (D),
Susie Lee (D),
Andy Levin (D),
Mike Levin (D),
Ted Lieu (D),
Alan Lowenthal (D),
Stephen Lynch (D),
Nicole Malliotakis (R),
Carolyn Maloney (D),
Kathy Manning (D),
Doris Matsui (D),
Jim McGovern (D),
Grace Meng (D),
Joe Morelle (D),
Jerry Nadler (D),
Grace Napolitano (D),
Joe Neguse (D),
Marie Newman (D),
Eleanor Holmes Norton (D),
Jimmy Panetta (D),
Chris Pappas (D),
Bill Pascrell (D),
Donald Payne (D),
Chellie Pingree (D),
Katie Porter (D),
David Price (D),
Mike Quigley (D),
Jamie Raskin (D),
Deborah Ross (D),
Pat Ryan (D),
Tim Ryan (D),
Linda Sánchez (D),
Jan Schakowsky (D),
Adam Schiff (D),
Terri Sewell (D),
Brad Sherman (D),
Mikie Sherrill (D),
Elissa Slotkin (D),
Chris Smith (R),
Darren Soto (D),
Melanie Stansbury (D),
Tom Suozzi (D),
Dina Titus (D),
Ritchie Torres (D),
Mike Turner (R),
Jeff Van Drew (R),
Bonnie Watson Coleman (D),
Peter Welch (D),
Susan Wild (D),
Last Action
Referred to the House Committee on Ways and Means. (on 07/28/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4750/all-info | 07/29/2021 |
| BillText | https://www.congress.gov/117/bills/hr4750/BILLS-117hr4750ih.pdf | 08/11/2021 |
| Bill | https://www.congress.gov/117/bills/hr4750/BILLS-117hr4750ih.pdf.pdf | 08/11/2021 |
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