US Congress Senate Bill 1524 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 18 2013 - 25% progression, died in committee
Action: 2013-09-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Properly Reducing Overexemptions for Sports Act or the PRO Sports Act - Amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations. Provides that 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

Sen. Tom Coburn [R-OK]

Sen. Angus King [I-ME]

Date	Chamber	Action
2013-09-18	Senate	Read twice and referred to the Committee on Finance.

HB3965 (Same As) 2014-01-29 - Referred to the House Committee on Ways and Means.
SB2816 (Related) 2014-09-16 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1524/all-info
Text	https://www.congress.gov/113/bills/s1524/BILLS-113s1524is.pdf