S 2519
118th Congress
Senate
Taxation
Sports League Tax-Exempt Status Limitation Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2023
Read twice and referred to the Committee on Finance.
Jul 26, 2023
Introduced in Senate
Plain-English summary
Sports League Tax-Exempt Status Limitation Act
This bill denies a tax exemption for professional sports leagues whose assets have an average annual value in excess of $500 million for any 3-taxable year period beginning after 2020.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1