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To amend the Internal Revenue Code of 1986 to provide a standard deduction for the trade or business expenses of artists.

USA115th CongressHR-3453| House 
| Updated: 7/27/2017
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Tax Relief for Artists Act of 2017 This bill amends the Internal Revenue Code to allow a standard deduction for the trade and business expenses of artists. The deduction is limited to the lesser of: (1) $2,500, or (2) the gross income of the taxpayer derived from one or more artistic trades or businesses carried on by the taxpayer (or, if less, taxable income). To be eligible for the deduction, a taxpayer must have: (1) household income for the taxable year that does not exceed 250% of the poverty line for a family of the size involved, and (2) gross income derived from one or more artistic trades or businesses carried on by the taxpayer. An "artistic trade or business" is any trade or business in the literary, graphic design, film, visual, media, musical, theatre, recording, or dance arts.
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Timeline
Jul 27, 2017
Introduced in House
Jul 27, 2017
Referred to the House Committee on Ways and Means.
  • July 27, 2017
    Introduced in House


  • July 27, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Art, artists, authorshipBusiness expensesIncome tax deductionsMusicPerforming artsSound recordingTelevision and film

To amend the Internal Revenue Code of 1986 to provide a standard deduction for the trade or business expenses of artists.

USA115th CongressHR-3453| House 
| Updated: 7/27/2017
Tax Relief for Artists Act of 2017 This bill amends the Internal Revenue Code to allow a standard deduction for the trade and business expenses of artists. The deduction is limited to the lesser of: (1) $2,500, or (2) the gross income of the taxpayer derived from one or more artistic trades or businesses carried on by the taxpayer (or, if less, taxable income). To be eligible for the deduction, a taxpayer must have: (1) household income for the taxable year that does not exceed 250% of the poverty line for a family of the size involved, and (2) gross income derived from one or more artistic trades or businesses carried on by the taxpayer. An "artistic trade or business" is any trade or business in the literary, graphic design, film, visual, media, musical, theatre, recording, or dance arts.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 27, 2017
Introduced in House
Jul 27, 2017
Referred to the House Committee on Ways and Means.
  • July 27, 2017
    Introduced in House


  • July 27, 2017
    Referred to the House Committee on Ways and Means.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Art, artists, authorshipBusiness expensesIncome tax deductionsMusicPerforming artsSound recordingTelevision and film