HR 4750
117th Congress
House
Taxation
Performing Artist Tax Parity Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2021
Referred to the House Committee on Ways and Means.
Jul 28, 2021
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1