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S 1121119th CongressIntroduced
Performing Artist Tax Parity Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Performing Artist Tax Parity Act of 2025 increases the income threshold for above-the-line deduction of performing artist expenses and adjusts for inflation.
Key Points
- 1Raises income phaseout threshold to $100,000
- 2Adds cost-of-living adjustments for inflation
- 3Increases employer threshold from $200 to $500
- 4Includes manager/agent commissions in deductible expenses
- 5Applies to taxable years after December 31, 2024
Impact Areas
Tax policyPerforming artsSmall businessIncome inequalityCreative industries
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