US HB3453 | 2017-2018 | 115th Congress
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on July 27 2017 - 25% progression, died in committee
Action: 2017-07-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 27 2017 - 25% progression, died in committee
Action: 2017-07-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Tax Relief for Artists Act of 2017
Sponsors
| Rep. Nydia Velazquez [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-27 | House | Referred to the House Committee on Ways and Means. |
| 2017-07-27 | House | Introduced in House |
Subjects
Art, artists, authorship
Business expenses
Income tax deductions
Music
Performing arts
Sound recording
Taxation
Television and film
Business expenses
Income tax deductions
Music
Performing arts
Sound recording
Taxation
Television and film
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/3453/all-info |
| Text | https://www.congress.gov/115/bills/hr3453/BILLS-115hr3453ih.pdf |
