3.0.0 1121 2026-02-06T18:46:14Z 2026-02-06T18:46:14Z Senate S S 2025-03-25 119 https://www.congress.gov/bill/119th-congress/senate-bill/1121 ssfi00 Finance Committee Senate Standing Referred To 2025-03-25T19:43:16Z 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 119 721 HR 2025-01-24 Referred to the House Committee on Ways and Means. Identical bill CRS 2025-03-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2025-03-25 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2025-03-25 True Taxation Taxation 2025-05-08T19:37:31Z

00 2025-03-25 Introduced in Senate 2025-05-14T13:24:26Z <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 2025-04-10T01:53:18Z Short Title(s) as Introduced 101 2025-04-10T01:53:17Z Introduced in Senate IS Official Title as Introduced 6 2025-04-10T01:48:25Z Introduced in Senate IS Introduced in Senate 2025-03-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s1121is/xml/BILLS-119s1121is.xml 2025-03-25 Read twice and referred to the Committee on Finance. 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.