Summary: S.3893 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for S.3893. Bill summaries are authored by CRS.

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Introduced in Senate (09/14/2006)

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.