PRO Sports Act
- Last Action
- 9/26/2017
Actions
- 2017-09-26ASSUMING FIRST SPONSORSHIP - Mr. Gaetz asked unanimous consent that he may hereafter be considered as first sponsor of H.R. 296, a bill originally introduced by Representative Chaffetz, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
- 2017-01-05Referred to the House Committee on Ways and Means.
- 2017-01-05Introduced in House
- 2017-01-05Introduced in House
CRS Summary
As of 2017-01-05 (00)
Properly Reducing Overexemptions for Sports Act or the PRO Sports Act
This bill amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations.
No organization or entity shall be treated as tax-exempt if it: (1) is a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct); and (2) has annual gross receipts in excess of $10 million.
Cosponsors (6)
- Blake Farenthold (R-TX)
- Mo Brooks (R-AL)
- Ken Buck (R-CO)
- Mike Coffman (R-CO)
- Steven Palazzo (R-MS)
- Bill Posey (R-FL)
Subjects
- Professional sports
- Tax-exempt organizations
Sourced from Congress.gov (public domain).
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