[Congressional Record Volume 168, Number 157 (Wednesday, September 28, 2022)]
[Senate]
[Page S5228]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. THUNE (for himself and Mr. Cardin):
S. 4969. A bill to amend the Internal Revenue Code of 1986 to
disallow a deduction for charitable contributions for certain purposes
relating to college athletics; to the Committee on Finance.
Mr. THUNE. Mr. President, I ask unanimous consent that the text of
the bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
Mr. THUNE. Mr. President, I ask unanimous consent that the text of
the bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 4969
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Athlete Opportunity and
Taxpayer Integrity Act''.
SEC. 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.
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