3.0.0 3086 2023-01-11T13:42:09Z 2023-01-11T13:42:09Z Senate S 2018-06-19 115 ssfi00 Finance Committee Senate Standing Referred to 2018-06-19T15:24:09Z PRO Sports Act 115 296 HR 2017-09-26 ASSUMING FIRST SPONSORSHIP - Mr. Gaetz asked unanimous consent that he may hereafter be considered as first sponsor of H.R. 296, a bill originally introduced by Representative Chaffetz, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. 13:45:43 Related bill CRS PRO Sports Act 115 3830 HR 2017-09-26 Referred to the House Committee on Ways and Means. Related bill CRS 2018-06-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-06-19 Introduced in Senate IntroReferral 10000 9 Library of Congress E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA N K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2018-06-19 True Taxation Professional sports Tax-exempt organizations Taxation 00 2018-06-19 Introduced in Senate 2018-12-17T18:34:46Z Properly Reducing Overexemptions for Sports Act or the PRO Sports Act

This bill amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations.

No organization or entity shall be treated as tax-exempt if it: (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 million.

]]> PRO Sports Act Display Title PRO Sports Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to exclude major professional sports leagues from qualifying as tax-exempt organizations. Introduced in Senate IS Short Titles as Introduced PRO Sports Act Short Titles as Introduced Properly Reducing Overexemptions for Sports Act Introduced in Senate 2018-06-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3086is/xml/BILLS-115s3086is.xml 2018-06-19 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.