To amend the Definition of Employee for certain purposes of the Internal Revenue Code.

Provides that an author or artist who is under contract to a corporation to perform certain services shall be considered an employee of such corporation for purposes of the tax exclusion allowed for amounts contributed to or received from certain accident and health or group insurance plans under the Internal Revenue Code, if such artist or author was a participant on December 21, 1977, in a pension, profit-sharing or annuity plan of the corporation and makes an election to be covered by the Federal Insurance Contributions Act and the Unemployment Tax Act.