HR 6433 117th Congress House Taxation International organizations and cooperation Olympic games Tax-exempt organizations

IOC Act

Introduced: February 1, 2022 See on congress.gov

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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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).

What's happening now January 19, 2022

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version