3.0.0 3453 2023-01-11T13:37:18Z 2023-01-11T13:37:18Z House HR 2017-07-27 115 [Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 3453.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .[Page H6518]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-07-27T14:07:35Z 2017-07-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-27 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N Taxation Art, artists, authorship Business expenses Income tax deductions Music Performing arts Sound recording Television and film Taxation 00 2017-07-27 Introduced in House 2017-09-05T14:29:04Z Tax Relief for Artists Act of 2017

This bill amends the Internal Revenue Code to allow a standard deduction for the trade and business expenses of artists. The deduction is limited to the lesser of: (1) $2,500, or (2) the gross income of the taxpayer derived from one or more artistic trades or businesses carried on by the taxpayer (or, if less, taxable income).

To be eligible for the deduction, a taxpayer must have: (1) household income for the taxable year that does not exceed 250% of the poverty line for a family of the size involved, and (2) gross income derived from one or more artistic trades or businesses carried on by the taxpayer.

An "artistic trade or business" is any trade or business in the literary, graphic design, film, visual, media, musical, theatre, recording, or dance arts.

]]> Tax Relief for Artists Act of 2017 Display Title Tax Relief for Artists Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a standard deduction for the trade or business expenses of artists. Introduced in House IH Short Titles as Introduced Tax Relief for Artists Act of 2017 Introduced in House 2017-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3453ih/xml/BILLS-115hr3453ih.xml 2017-07-27 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.