H.R. 6433 117th Congress House

IOC Act

Official title: To amend the Internal Revenue Code of 1986 to eliminate the tax exemption of the International Olympic Committee and similar organizations.

Introduced: January 28, 2022 See on congress.gov

Taxation International organizations and cooperationOlympic gamesTax-exempt organizations

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 19, 2022

Referred to the House Committee on Ways and Means.

Jan 19, 2022

Introduced in House

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Latest action January 19, 2022

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Irresponsible Olympic Collaboration Act or the IOC Act

This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).

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