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Bill · HR

H.R. 721 (119th)

Performing Artist Tax Parity Act of 2025

Original

referredUnited States· United States Congress· EN

Introduced

24 January 2025

Last action

24 January 2025 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Buchanan, Vern [R-FL-16], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Malliotakis, Nicole [R-NY-11], Mike Carey, Rep. Lawler, Michael [R-NY-17], Judy Chu, Linda Sánchez, Brendan Boyle, Jimmy Panetta, Steven Horsford, Lloyd Doggett, Danny Davis, Bradley Schneider, Jimmy Gomez, Rep. Tenney, Claudia [R-NY-24], Nanette Barragán, Rep. Bacon, Don [R-NE-2], Julia Brownley, Michael Turner, Laurel Lee, Chellie Pingree, Darren Soto, Brad Sherman, Seth Magaziner, Daniel Goldman, Mike Levin, Rep. Suozzi, Thomas R. [D-NY-3]

Subjects

Taxation

Source updated

6 February 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

Performing Artist Tax Parity Act of 2025 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.) Under current law, a qualified performing artist (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. The bill modifies the definition of a qualified performing artist (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). 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.) Finally, the bill provides that commissions paid to a manager or agent by a qualified performing artist are deductible business expenses.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 January 2025

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 24 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 January 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

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Performing Artist Tax Parity Act of 2025 — United States — PoliticalRepo