3.0.0 1121 2022-11-01T19:32:19Z 2022-11-01T19:32:19Z Senate S 2019-04-10 116 ssfi00 Finance Committee Senate Standing Referred to 2019-04-10T18:45:27Z PRO Sports Act 116 7988 HR 2020-08-07 Referred to the House Committee on Ways and Means. Identical bill CRS 2019-04-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-04-10 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. 2019-04-10 True Taxation Professional sports Tax-exempt organizations Taxation 00 2019-04-10 Introduced in Senate 2019-06-04T16:23:43Z Properly Reducing Overexemptions for Sports Act or the PRO Sports Act

This bill removes professional football leagues from the list of tax-exempt organizations. The bill also prohibits an organization or entity from being 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; and (2) has annual gross receipts in excess of $10 million.

]]> PRO Sports Act Display Title PRO Sports Act Short Title(s) as Introduced PRO Sports Act Introduced in Senate IS Short Title(s) as Introduced Properly Reducing Overexemptions for Sports Act Introduced in Senate IS 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 Introduced in Senate 2019-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1121is/xml/BILLS-116s1121is.xml 2019-04-10 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.