US SB1121 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 10 2019 - 25% progression, died in committee
Action: 2019-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 10 2019 - 25% progression, died in committee
Action: 2019-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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
Sen. Joni Ernst [R-IA] | Sen. Angus King [I-ME] |
History
Date | Chamber | Action |
---|---|---|
2019-04-10 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7988 (Same As) 2020-08-07 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1121/all-info |
Text | https://www.congress.gov/116/bills/s1121/BILLS-116s1121is.pdf |