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HR 363 117th Congress House Taxation Professional sports Tax-exempt organizations

PRO Sports Act

Introduced: January 19, 2021 Introduced by: Steube, W. Gregory Republican · Florida See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 19, 2021
Referred to the House Committee on Ways and Means.
Jan 19, 2021
Referred to the Subcommittee on Health.
Jan 19, 2021
Introduced in House
 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 January 19, 2021

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 2