II 

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-theline deduction of expenses of performing artist employees, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Performing Artist Tax 

5 Parity Act of 2024’’. 


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1 SEC. 2. ABOVE-THE-LINE DEDUCTION OF EXPENSES OF 

2 PERFORMING ARTISTS. 

3 (a) IN GENERAL.—Section 62(a)(2)(B) of the Inter4 nal Revenue Code of 1986 is amended— 

5 (1) by striking ‘‘PERFORMING ARTISTS.—The 

6 deductions’’ and inserting the following: ‘‘PER7 FORMING ARTISTS.— 

8 ‘‘(i) IN GENERAL.—The deductions’’, 

9 and 

10 (2) by adding at the end the following new 

11 clauses: 

12 ‘‘(ii) PHASEOUT.—The amount of ex13 penses taken into account under clause (i) 

14 shall be reduced (but not below zero) by 10 

15 percentage points for each $2,000 ($4,000 

16 in the case of a joint return), or fraction 

17 thereof, by which the taxpayer’s gross in18 come for the taxable year exceeds 

19 $100,000 (200 percent of such amount in 

20 the case of a joint return). 

21 ‘‘(iii) COST-OF-LIVING ADJUST22 MENT.—In the case of any taxable year be23 ginning in a calendar year after 2024, the 

24 $100,000 amount under clause (ii) shall be 

25 increased by an amount equal to— 


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1 ‘‘(I) such dollar amount, multi2 plied by 

3 ‘‘(II) the cost-of-living adjust4 ment determined under section 1(f)(3) 

5 for the calendar year in which the tax6 able year begins, determined by sub7 stituting ‘calendar year 2023’ for ‘cal8 endar year 2016’ in subparagraph 

9 (A)(ii) thereof. 

10 If any amount after adjustment under the 

11 preceding sentence is not a multiple of 

12 $1,000, such amount shall be rounded to 

13 the nearest multiple of $1,000.’’. 

14 (b) CLARIFICATION REGARDING COMMISSION PAID

15 TO PERFORMING ARTIST’S MANAGER OR AGENT.—Sec16 tion 62(a)(2)(B)(i) of the Internal Revenue Code of 1986, 

17 as amended by subsection (a), is amended by inserting be18 fore the period at the end the following: ‘‘, including any 

19 commission paid to the performing artist’s manager or 

20 agent’’. 

21 (c) INCREASE IN THRESHOLD FOR DETERMINING

22 NOMINAL EMPLOYERS.—Section 62(b)(2) of the Internal 

23 Revenue Code of 1986 is amended— 

24 (1) by striking ‘‘An individual’’ and inserting 

25 the following: 


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1 ‘‘(A) IN GENERAL.—An individual’’, 

2 (2) by striking ‘‘$200’’ and inserting ‘‘$500’’, 

3 and 

4 (3) by adding at the end the following new sub5 paragraph: 

6 ‘‘(B) COST-OF-LIVING ADJUSTMENT.—In 

7 the case of any taxable year beginning in a cal8 endar year after 2024, the $500 amount under 

9 subparagraph (A) shall be increased by an 

10 amount equal to— 

11 ‘‘(i) such dollar amount, multiplied by 

12 ‘‘(ii) the cost-of-living adjustment de13 termined under section 1(f)(3) for the cal14 endar year in which the taxable year be15 gins, determined by substituting ‘calendar 

16 year 2023’ for ‘calendar year 2016’ in sub17 paragraph (A)(ii) thereof. 

18 If any amount after adjustment under the pre19 ceding sentence is not a multiple of $50, such 

20 amount shall be rounded to the nearest multiple 

21 of $50.’’. 

22 (d) CONFORMING AMENDMENTS.— 

23 (1) Section 62(a)(2)(B)(i) of the Internal Rev24 enue Code of 1986, as amended by the preceding 


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1 provisions of this Act, is amended by striking ‘‘by 

2 him’’ and inserting ‘‘by the performing artist’’. 

3 (2) Section 62(b)(1) of such Code is amended 

4 by inserting ‘‘and’’ at the end of subparagraph (A), 

5 by striking ‘‘, and’’ at the end of subparagraph (B) 

6 and inserting a period, and by striking subparagraph 

7 (C). 

8 (e) EFFECTIVE DATE.—The amendments made by 

9 this section shall apply to taxable years beginning after 

10 December 31, 2023. 

Æ 


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