Actors' Equity Association applauded the reintroduction of the bipartisan Performing Artist Tax Parity Act (PATPA), introduced by Rep. Judy Chu (D-CA) and Rep. Vern Buchanan (R-FL). This bill would correct an unintended consequence of the 2017 Tax Cut and Jobs Act which led to tax increases for many performing artists who could no longer deduct the cost of their ordinary and necessary unreimbursed business expenses.
While tax reform did not harm high-income artists, many others in the industry have reported massive tax increases because they lost the ability to deduct their business expenses. "People sit with me and just break into tears because they didn't know what to do," Sandra Karas, a tax attorney and secretary-treasurer of Actors' Equity Association, told the Los Angeles Times, which covered the devastating tax increases that hit performing artists.
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