3.0.0 721 2026-02-06T18:44:06Z 2026-02-06T18:44:06Z House H HR 2025-01-24 119 https://www.congress.gov/bill/119th-congress/house-bill/721 <pre>[Congressional Record Volume 171, Number 15 (Friday, January 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. BUCHANAN:H.R. 721.Congress has the power to enact this legislation pursuantto the following:Article 1 section 8[Page H395]</pre> hswm00 Ways and Means Committee House Standing Referred To 2025-01-24T14:01:45Z 119 6900 HR 2025-12-18 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Workforce, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 119 1121 S 2025-03-25 Read twice and referred to the Committee on Finance. Identical bill CRS 2025-01-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2025-01-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-01-24 Introduced in House IntroReferral 1000 9 Library of Congress B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 N F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2025-01-24 True M000317 Rep. Malliotakis, Nicole [R-NY-11] Nicole Malliotakis R NY 11 2025-01-24 True C001126 Rep. Carey, Mike [R-OH-15] Mike Carey R OH 15 2025-01-24 True L000599 Rep. Lawler, Michael [R-NY-17] Michael Lawler R NY 17 2025-01-24 True C001080 Rep. Chu, Judy [D-CA-28] Judy Chu D CA 28 2025-01-24 True S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2025-01-24 True B001296 Rep. Boyle, Brendan F. [D-PA-2] Brendan Boyle D PA F. 2 2025-01-24 True P000613 Rep. Panetta, Jimmy [D-CA-19] Jimmy Panetta D CA 19 2025-01-24 True H001066 Rep. Horsford, Steven [D-NV-4] Steven Horsford D NV 4 2025-01-24 True D000399 Rep. Doggett, Lloyd [D-TX-37] Lloyd Doggett D TX 37 2025-01-24 True D000096 Rep. Davis, Danny K. [D-IL-7] Danny Davis D IL K. 7 2025-01-24 True S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2025-01-24 True G000585 Rep. Gomez, Jimmy [D-CA-34] Jimmy Gomez D CA 34 2025-01-24 True T000478 Rep. Tenney, Claudia [R-NY-24] Claudia Tenney R NY 24 2025-03-05 False B001300 Rep. Barragán, Nanette Diaz [D-CA-44] Nanette Barragán D CA Diaz 44 2025-03-18 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2025-03-18 False B001285 Rep. Brownley, Julia [D-CA-26] Julia Brownley D CA 26 2025-03-18 False T000463 Rep. Turner, Michael R. [R-OH-10] Michael Turner R OH R. 10 2025-03-18 False L000597 Rep. Lee, Laurel M. [R-FL-15] Laurel Lee R FL M. 15 2025-04-07 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2025-04-07 False S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2025-08-08 False S000344 Rep. Sherman, Brad [D-CA-32] Brad Sherman D CA 32 2025-09-30 False M001223 Rep. Magaziner, Seth [D-RI-2] Seth Magaziner D RI 2 2025-10-06 False G000599 Rep. Goldman, Daniel S. [D-NY-10] Daniel Goldman D NY S. 10 2025-12-01 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2025-12-15 False S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2025-12-17 False Taxation Taxation 2025-02-25T20:54:12Z

00 2025-01-24 Introduced in House 2025-04-25T13:00:28Z <p><strong>Performing Artist Tax Parity Act of 2025</strong></p><p>This bill increases the income limit and makes other modifications to the above-the-line tax deduction for business expenses of qualified performing artists. (Above-the-line deductions are subtracted from gross income to calculate adjusted gross income.)</p><p>Under current law, a <em>qualified performing artist</em> (who may deduct certain business expenses from gross income) is defined as an individual who (1) performs services in the performing arts as an employee for at least two employers during the tax year and receives at least $200 from each employer (minimum payment), (2) has business deductions attributable to such services exceeding 10% of the gross income received from such services, and (3) has adjusted gross income of $16,000 or less.</p><p>The bill modifies the definition of a <em>qualified performing artist</em> (for purposes of the business expense deduction) to eliminate the $16,000 adjusted gross income limitation and increase the minimum payment amount to $500 (adjusted for inflation beginning in 2026).</p><p>However, under the bill, the tax deduction for business expenses of qualified performing artists phases out for individuals with gross income exceeding $100,000 (or $200,000 for joint filers) such that the tax deduction completely phases out for individuals with gross income exceeding $120,000 (or $240,000 for joint filers). (The phase-out threshold is adjusted for inflation beginning in 2026.)</p><p>Finally, the bill provides that commissions paid to a manager or agent by a qualified performing artist are deductible business expenses.</p>

Display Title 45 2025-02-22T06:23:49Z Short Title(s) as Introduced 101 2025-02-22T06:23:20Z Introduced in House IH Official Title as Introduced 6 2025-02-22T06:18:36Z Introduced in House IH Introduced in House 2025-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr721ih/xml/BILLS-119hr721ih.xml 2025-01-24 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.