117 S4969 IS: Athlete Opportunity and Taxpayer Integrity Act U.S. Senate 2022-09-28 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.

II117th CONGRESS2d SessionS. 4969IN THE SENATE OF THE UNITED STATESSeptember 28, 2022Mr. Thune (for himself and Mr. Cardin) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to disallow a deduction for charitable contributions for certain purposes relating to college athletics.

1.

Short title

This Act may be cited as the Athlete Opportunity and Taxpayer Integrity Act.

2.

Disallowance of deduction for contributions for certain purposes relating to college athletics

(a)

In general

Section 170 of the Internal Revenue Code of 1986 is amended by redesignating subsections (p) and (q) as subsections (q) and (r), respectively, and by inserting after subsection (o) the following new subsection:(p)

Contributions for certain purposes relating to college athletics

(1)

In general

No deduction shall be allowed for any contribution any portion of which is used by the donee to compensate 1 or more secondary or post-secondary school athletes for the use of their name, image, or likeness by reason of their status as athletes.(2)

Exception

Paragraph (1) shall not apply to any contribution made directly to an organization which is an eligible educational institution (as defined in section 25A(f)(2))..(b)

Conforming amendment

Section 63(b)(4) of the Internal Revenue Code of 1986 is amended by striking 170(p) and inserting 170(q).(c)

Effective date

The amendments made by this section shall apply to contributions made in taxable years beginning after the date of the enactment of this Act.