Performing Artist Tax Parity Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4747 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4747 To amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for the above-the-line deduction of expenses of performing artist employees, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 23, 2024 Mr. Warner (for himself and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for the above-the-line deduction of expenses of performing artist employees, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Performing Artist Tax Parity Act of 2024''. SEC. 2. ABOVE-THE-LINE DEDUCTION OF EXPENSES OF PERFORMING ARTISTS. (a) In General.--Section 62(a)(2)(B) o…