House Bill 363
117th Congress(2021-2022)
PRO Sports Act
Introduced
Introduced in House on Jan 19, 2021
Origin Chamber
House
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
363
Congress
117
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 House votes have been held for this bill.
Summary
Properly Reducing Overexemptions for Sports Act or the PRO Sports Act
This bill removes professional football leagues from the list of tax-exempt organizations. The bill also prohibits an organization or entity from being 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; and (2) has annual gross receipts in excess of $10 million.
January 19, 2021
01/19/2021
Referred to the House Committee on Ways and Means.
01/19/2021
Referred to the Subcommittee on Health.
01/19/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:33 PM