Read twice and referred to the Committee on Finance.
The bill amends the Internal Revenue Code to expand and modernize the above-the-line deduction for expenses of performing-artist employees.
It raises the adjusted gross income (AGI) threshold for eligibility to $100,000 for singles (with joint return rules doubled), phases out the deduction by 10 percentage points per $2,000 (or $4,000 for joint returns) above that threshold, and makes the threshold and other dollar amounts subject to cost-of-living adjustments.
It explicitly allows commissions paid to a performing artist’s manager or agent to be treated as deductible expenses, raises the nominal employer threshold from $200 to $500 (with COLA), includes technical conforming edits, and applies to taxable years beginning after December 31, 2024.
Modest, narrowly targeted tax relief with low controversy improves prospects, but limited priority and revenue implications reduce standalone odds.
Relative to its intended legislative type, this bill is a straightforward substantive amendment to the Internal Revenue Code that identifies the affected provisions, sets new thresholds and phaseout mechanics, provides rounding rules and an effective date, and includes conforming edits. These features align with the primary goal of changing tax law.
Progressives emphasize helping working artists; conservatives stress precedent and deficits
Progressives emphasize helping working artists; conservatives stress precedent and deficits
Generally supportive: the bill restores and improves a targeted tax benefit for working performers and accounts for inflation.
It helps lower- and middle-income performing artists who incur employment-related expenses and clarifies manager/agent commission deductions.
Some progressives may want broader coverage or higher thresholds for low-income creatives.
Cautiously favorable: the bill provides modest, targeted tax relief for performing artists and includes sensible COLA updates.
Support depends on demonstrated revenue impact and clear eligibility rules to prevent abuse.
Technical fixes and bipartisan sponsorship increase acceptability.
Skeptical to mixed: the bill grants a specific tax preference to one occupation, creating precedent for other carve-outs.
Some conservatives may accept modest relief for small-scale workers, but many will oppose expanding deductions without offsets and worry about complexity.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Modest, narrowly targeted tax relief with low controversy improves prospects, but limited priority and revenue implications reduce standalone odds.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize helping working artists; conservatives stress precedent and deficits
Modest, narrowly targeted tax relief with low controversy improves prospects, but limited priority and revenue implications reduce standalo…
Relative to its intended legislative type, this bill is a straightforward substantive amendment to the Internal Revenue Code that identifies the affected provisions, sets new thresholds and phaseout mechanics, provides…
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