Tax Relief for Artists Act of 2017

Summary

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.

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Timeline

1. 27 July 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 July 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 July 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 July 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 July 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 July 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 July 2017

  Open at official source

Sponsors

• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• · hswm00 · Standing

Related records

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