I
119THCONGRESS
1
STSESSION H. R. 721
To amend the Internal Revenue Code of 1986 to increase the adjusted
gross income limitation for above-the-line deduction of expenses of per-
forming artist employees, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JANUARY24, 2025
Mr. B
UCHANAN(for himself, Mr. FITZPATRICK, Ms. MALLIOTAKIS, Mr.
C
AREY, Mr. LAWLER, Ms. CHU, Ms. SA´NCHEZ, Mr. BOYLEof Pennsyl-
vania, Mr. P
ANETTA, Mr. HORSFORD, Mr. DOGGETT, Mr. DAVISof Illi-
nois, Mr. S
CHNEIDER, and Mr. GOMEZ) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase
the adjusted gross income limitation for above-the-line
deduction of expenses of performing artist employees,
and for other purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Performing Artist Tax 4
Parity Act of 2025’’. 5
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SEC. 2. ABOVE-THE-LINE DEDUCTION OF EXPENSES OF 1
PERFORMING ARTISTS. 2
(a) I
NGENERAL.—Section 62(a)(2)(B) of the Inter-3
nal Revenue Code of 1986 is amended— 4
(1) by striking ‘‘
PERFORMING ARTISTS .—The 5
deductions’’ and inserting the following: ‘‘
PER-6
FORMING ARTISTS.— 7
‘‘(i) I
N GENERAL.—The deductions’’, 8
and 9
(2) by adding at the end the following new 10
clauses: 11
‘‘(ii) P
HASEOUT.—The amount of ex-12
penses taken into account under clause (i) 13
shall be reduced (but not below zero) by 10 14
percentage points for each $2,000 ($4,000 15
in the case of a joint return), or fraction 16
thereof, by which the taxpayer’s gross in-17
come for the taxable year exceeds 18
$100,000 (200 percent of such amount in 19
the case of a joint return). 20
‘‘(iii) C
OST-OF-LIVING ADJUST -21
MENT.—In the case of any taxable year be-22
ginning in a calendar year after 2025, the 23
$100,000 amount under clause (ii) shall be 24
increased by an amount equal to— 25
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‘‘(I) such dollar amount, multi-1
plied by 2
‘‘(II) the cost-of-living adjust-3
ment determined under section 1(f)(3) 4
for the calendar year in which the tax-5
able year begins, determined by sub-6
stituting ‘calendar year 2024’ for ‘cal-7
endar year 2016’ in subparagraph 8
(A)(ii) thereof. 9
If any amount after adjustment under the 10
preceding sentence is not a multiple of 11
$1,000, such amount shall be rounded to 12
the nearest multiple of $1,000.’’. 13
(b) C
LARIFICATIONREGARDINGCOMMISSIONPAID 14
TOPERFORMINGARTIST’SMANAGER ORAGENT.—Sec-15
tion 62(a)(2)(B)(i) of such Code, as amended by sub-16
section (a), is amended by inserting before the period at 17
the end the following: ‘‘, including any commission paid 18
to the performing artist’s manager or agent’’. 19
(c) I
NCREASE INTHRESHOLD FOR DETERMINING 20
N
OMINALEMPLOYERS.—Section 62(b)(2) of such Code is 21
amended— 22
(1) by striking ‘‘An individual’’ and inserting 23
the following: 24
‘‘(A) I
N GENERAL.—An individual’’, 25
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(2) by striking ‘‘$200’’ and inserting ‘‘$500’’, 1
and 2
(3) by adding at the end the following new sub-3
paragraph: 4
‘‘(B) C
OST-OF-LIVING ADJUSTMENT .—In 5
the case of any taxable year beginning in a cal-6
endar year after 2025, the $500 amount under 7
subparagraph (A) shall be increased by an 8
amount equal to— 9
‘‘(i) such dollar amount, multiplied by 10
‘‘(ii) the cost-of-living adjustment de-11
termined under section 1(f)(3) for the cal-12
endar year in which the taxable year be-13
gins, determined by substituting ‘calendar 14
year 2024’ for ‘calendar year 2016’ in sub-15
paragraph (A)(ii) thereof. 16
If any amount after adjustment under the pre-17
ceding sentence is not a multiple of $50, such 18
amount shall be rounded to the nearest multiple 19
of $50.’’. 20
(d) C
ONFORMINGAMENDMENTS.— 21
(1) Section 62(a)(2)(B)(i) of such Code, as 22
amended by the preceding provisions of this Act, is 23
amended by striking ‘‘by him’’ and inserting ‘‘by the 24
performing artist’’. 25
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(2) Section 62(b)(1) of such Code is amended 1
by inserting ‘‘and’’ at the end of subparagraph (A), 2
by striking ‘‘, and’’ at the end of subparagraph (B) 3
and inserting a period, and by striking subparagraph 4
(C). 5
(e) E
FFECTIVEDATE.—The amendments made by 6
this section shall apply to taxable years beginning after 7
December 31, 2024. 8
Æ
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