House Bill 2871
118th Congress(2023-2024)
Performing Artist Tax Parity Act of 2023
Introduced
Introduced in House on Apr 26, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2871
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Performing Artist Tax Parity Act of 2023
This bill modifies the above-the-line 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 2023.
April 26, 2023
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04/26/2023
Referred to the House Committee on Ways and Means.
04/26/2023
Introduced in House
Public Record
Record Updated
Sep 27, 2024 3:22:56 PM