113 S2816 IS: Securing Assistance for Victims’ Empowerment (SAVE) Act U.S. Senate 2014-09-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 113th CONGRESS2d Session S. 2816 IN THE SENATE OF THE UNITED STATES September 16, 2014 Mr. Booker introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to eliminate the specific exemption for professional football leagues and to provide a special rule for other professional sports leagues, and to provide an additional authorization of appropriations for the Family Violence Prevention and Services Act.

1.

Short title

This Act may be cited as the Securing Assistance for Victims’ Empowerment (SAVE) Act.

2.

Elimination of specific exemption for professional football leagues; special rules relating to professional sports leagues

(a)

Elimination of specific exemption for professional football leagues

Paragraph (6) of section 501(c) of the Internal Revenue Code of 1986 is amended—(1)by striking , or professional football leagues (whether or not administering a pension fund for football players), and(2)by inserting or after real-estate boards,.(b)

Special rules relating to professional sports leagues

Section 501 of the Internal Revenue Code of 1986 is amended—(1)by redesignating subsection (s) as subsection (t), and(2)by inserting after subsection (r) the following new subsection:(s)

Special Rules Relating to Professional Sports Leagues

No organization or entity shall be treated as described in subsection (c)(6) if such organization or entity—(1)is a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct), and(2)has annual gross receipts in excess of $10,000,000..(c)

Effective Date

The amendments made by this section shall apply to taxable years beginning after December 31, 2014.

3.

Family violence prevention and services act

(a)

Purpose

The purpose of this section is to authorize, for providing shelter, supportive services, or prevention services to victims of family violence, domestic violence, or dating violence, an amount equal to the savings obtained by the amendments made under section 2.(b)

Authorization

Section 303(a) of the Family Violence Prevention and Services Act (42 U.S.C. 10403(a)) is amended by striking 2015 and inserting 2014, and $275,000,000 for fiscal year 2015.