S 1121 116th Congress Senate Taxation Professional sports Tax-exempt organizations

PRO Sports Act

Introduced: April 10, 2019 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 10, 2019

Read twice and referred to the Committee on Finance.

Apr 10, 2019

Introduced in Senate

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Plain-English summary Congressional Research Service

Properly Reducing Overexemptions for Sports Act or the PRO Sports Act

This bill removes professional football leagues from the list of tax-exempt organizations. The bill also prohibits an organization or entity from being 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; and (2) has annual gross receipts in excess of $10 million.

What's happening now April 10, 2019

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version