I 
117TH CONGRESS 
1ST SESSION H. R. 4750 
To amend the Internal Revenue Code of 1986 to increase the adjusted 
gross income limitation for above-the-line deduction of expenses of per-
forming artist employees, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 28, 2021 
Ms. CHU (for herself and Mr. BUCHANAN) introduced the following bill; which 
was referred to the Committee on Ways and Means 
A BILL 
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. 
Be it enacted by the Senate and House of Representa-
tives 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 2021’’. 
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SEC. 2. ABOVE-THE-LINE DEDUCTION OF EXPENSES OF 
PERFORMING ARTISTS. 
(a) IN GENERAL.—Section 62(a)(2)(B) of the Inter-
nal Revenue Code of 1986 is amended— 
(1) by striking ‘‘PERFORMING
ARTISTS.—The 
deductions’’ and inserting the following: ‘‘PER-
FORMING ARTISTS.— 
‘‘(i) IN GENERAL.—The deductions’’; 
and 
(2) by adding at the end the following new 
clauses: 
‘‘(ii) PHASEOUT.—The amount of ex-
penses taken into account under clause (i) 
shall be reduced (but not below zero) by 10 
percentage points for each $2,000 ($4,000 
in the case of a joint return), or fraction 
thereof, by which the taxpayer’s adjusted 
gross income (determined without regard 
to this subparagraph) for the taxable year 
exceeds $100,000 (200 percent of such 
amount in the case of a joint return). 
‘‘(iii) 
COST-OF-LIVING
ADJUST-
MENT.—In the case of any taxable year be-
ginning in a calendar year after 2021, the 
$100,000 amount under clause (ii) shall be 
increased by an amount equal to— 
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‘‘(I) such dollar amount, multi-
plied by 
‘‘(II) the cost-of-living adjust-
ment determined under section 1(f)(3) 
for the calendar year in which the tax-
able year begins, determined by sub-
stituting ‘calendar year 2020’ for ‘cal-
endar year 2016’ in subparagraph 
(A)(ii) thereof. 
If any amount after adjustment under the 
preceding sentence is not a multiple of 
$1,000, such amount shall be rounded to 
the nearest multiple of $1,000.’’. 
(b) CLARIFICATION REGARDING COMMISSION PAID 
TO PERFORMING ARTIST’S MANAGER OR AGENT.—Sec-
tion 62(a)(2)(B)(i) of such Code, as amended by sub-
section (a), is amended by inserting before the period at 
the end the following: ‘‘, including any commission paid 
to the performing artist’s manager or agent’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 62(a)(2)(B)(i) of such Code, as 
amended by the preceding provisions of this Act, is 
amended by striking ‘‘by him’’ and inserting ‘‘by the 
performing artist’’. 
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(2) Section 62(b)(a) of such Code is amended 
by inserting ‘‘and’’ at the end of subparagraph (A), 
by striking ‘‘, and’’ at the end of subparagraph (B) 
and inserting a period, and by striking subparagraph 
(C). 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
Æ 
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