US HB7988 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on August 7 2020 - 25% progression, died in committee
Action: 2020-08-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 7 2020 - 25% progression, died in committee
Action: 2020-08-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
PRO Sports Act Properly Reducing Overexemptions for Sports Act
Sponsors
| Rep. Greg Steube [R-FL] | Rep. Matt Gaetz [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-08-07 | House | Referred to the House Committee on Ways and Means. |
| 2020-08-07 | House | Introduced in House |
Same As/Similar To
SB1121 (Same As) 2019-04-10 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7988/all-info |
| Text | https://www.congress.gov/116/bills/hr7988/BILLS-116hr7988ih.pdf |
