HR 6433
117th Congress
House
Taxation
International organizations and cooperation
Olympic games
Tax-exempt organizations
IOC Act
Introduced: January 19, 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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1