Senate Bill 3086
115th Congress(2017-2018)
PRO Sports Act
Introduced
Introduced in Senate on Jun 19, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3086
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Properly Reducing Overexemptions for Sports Act or the PRO Sports Act
This bill amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations.
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.
June 19, 2018
06/19/2018
Read twice and referred to the Committee on Finance.
06/19/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:09 PM