S. 3120 would amend the Internal Revenue Code of 1986 to increase the income limitations for qualified performing artists eligible for an above-the-line deduction for performance expenses.

== Detailed Summary ==

<summary>
(Log in to editAmends the wiki and be the firstInternal Revenue Code to provide a detailed summary ofincrease from $16,000 to $30,000 the bill!)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 2009.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 6/12/2008: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Finance.
</status>

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== Points in Favor ==

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== Points Against ==

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