A coalition of industry unions and organizations is asking Congress to update a Regan-era tax benefit for workers in the entertainment industry that hasn’t been adjusted in nearly 35 years. “Today …
A coalition of industry unions and organizations is asking Congress to update a Regan-era tax benefit for workers in the entertainment industry that hasn’t been adjusted in nearly 35 years.
said Monday. “Updating the Qualified Performing Artist deduction in the current tax code to expand work-related deductions will provide relief for middle class working performers who are affected by COVID-19 production shutdowns.”“We write today on behalf of more than 500,000 workers in the entertainment industry,” said the coalition, which also includes the WGA East and West, IATSE, Actors’ Equity, the American Federation of Musicians and Recording Industry Association of America.
“As Congress works to provide relief to the nation during this unprecedented crisis, we urge you to consider the Performing Artist Tax Parity Act, H.R. 3121, a bipartisan bill introduced by Representatives Judy Chu and Vern Buchanan,” the letter states. “The bill modernizes an existing tax deduction and allows entertainment industry workers to keep more of their hard-earned money. The update is also included in S.
“These are not celebrities on the red carpet. They are the working-class men and women in front of and behind the camera, on stage and off, who are the lifeblood of our industry. These taxpayers need tax relief now.
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