HB3254 amends the Illinois Income Tax Act to create a deduction for qualified expenses of performing artists.
HB3254 amends the Illinois Income Tax Act to introduce a deduction for qualified expenses paid or incurred by qualified performing artists in connection with their performances. This deduction applies to taxable years beginning on or after January 1, 2023. The bill defines "qualified expenses" as those related to performances by the artist as an employee. The amendment aims to provide tax relief to performing artists by allowing them to deduct certain expenses directly related to their work in the performing arts.
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