A bill to amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for qualified performing artists eligible for an above-the-line deduction for performance expenses.
About This Bill
Committee
Latest Action · September 14, 2006
Read twice and referred to the Committee on Finance.
Amends the Internal Revenue Code to increase from $16,000 to $30,000 the adjusted gross income limitation applicable to qualified performing artists who are eligible to deduct their performance expenses from gross income (above-the-line tax deduction). Provides for an inflation adjustment to such increased income limitation beginning in 2011.
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