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S 3086 115th Congress Senate Taxation Professional sports Tax-exempt organizations

PRO Sports Act

Introduced: June 19, 2018 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 2018
Read twice and referred to the Committee on Finance.
Jun 19, 2018
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now June 19, 2018

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1