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.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Performing Artist Tax Parity Act of 2023 and requires above-the-line deduction of expenses of performing artists Section 62(a)(2)(B) of the Internal Revenue Code of 1986 is amended— by striking performing artists.—The deductions and inserting the following. It relies on tax rate changes, definition changes, tax deductions, and compliance mandates. The main policy areas are Regulated Industries.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face reduced risk and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Performing Artist Tax Parity Act of 2023.
- Requires above-the-line deduction of expenses of performing artists Section 62(a)(2)(B) of the Internal Revenue Code of 1986 is amended— by striking performing artists.—The deductions and inserting the following...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Performing Artist Tax Parity Act of 2023 and requires above-the-line deduction of expenses of performing artists Section 62(a)(2)(B) of the Internal Revenue Code of 1986 is amended— by striking performing artists.—The deductions and inserting the following.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill creates short title This Act may be cited as the Performing Artist Tax Parity Act of 2023 and requires above-the-line deduction of expenses of performing artists Section 62(a)(2)(B) of the Internal Revenue Code of 1986 is amended— by striking performing artists.—The deductions and inserting the following.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Vern Buchanan
R-FL | Primary Sponsor
Legislative Progress
IntroducedMr. Buchanan (for himself and Ms. Chu) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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