3.0.0 3577 2022-12-30T04:48:38Z 2022-12-30T04:48:38Z Senate S 2022-02-03 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2022-03-08T17:12:48Z ssfi00 Finance Committee Senate Standing Referred to 2022-02-03T20:49:50Z IOC Act 117 6433 HR 2022-01-19 Referred to the House Committee on Ways and Means. Identical bill CRS 2022-03-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2022-02-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-02-03 Introduced in Senate IntroReferral 10000 9 Library of Congress S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL N Taxation International organizations and cooperation Olympic games Tax-exempt organizations Taxation 00 2022-02-03 Introduced in Senate 2022-02-08T14:15:38Z 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).

]]> IOC Act Display Title IOC Act Short Title(s) as Introduced IOC Act Introduced in Senate IS Short Title(s) as Introduced Irresponsible Olympic Collaboration Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to eliminate the tax exemption of the International Olympic Committee and similar organizations. Introduced in Senate IS Introduced in Senate 2022-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3577is/xml/BILLS-117s3577is.xml 2022-03-08 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.