To amend the Internal Revenue Code of 1986 to exclude major professional sports leagues from qualifying as tax-exempt organizations.
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.
Introduced in House
Introduced in House
Referred to the Subcommittee on Health.
Referred to the House Committee on Ways and Means.
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