To amend the Internal Revenue Code of 1986 to require a sports franchise to provide for all of the games played by the franchise to be available for local television broadcasting in order to be subject to the presumption that 50 percent of the consideration in the sale or exchange of a sports franchise is allocable to player contracts.
Baseball Fan Protection Act - Amends the Internal Revenue Code to revise provisions concerning the basis limitation for player contracts transferred in connection with the sale of a sports franchise to provide that when a sports franchise is sold, unless local television stations are given reasonable opportunity to purchase the right to broadcast the team's games before others are allowed to make bids, there shall be a presumption that the 50 percent allocation of value to player contracts shall be zero. Applies this Act to franchise sales or exchanges after December 31, 1999.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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