US Congress House Bill 547 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 27 2015 - 25% progression, died in committee
Action: 2015-01-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

PRO Sports Act Properly Reducing Overexemptions for Sports Act Amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations. Provides that no organization or entity shall be 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 (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct); and (2) has annual gross receipts in excess of $10 million.

PRO Sports Act Properly Reducing Overexemptions for Sports Act

Rep. Jason Chaffetz [R-UT]

Rep. Mark Meadows [R-NC]

Date	Chamber	Action
2015-01-27	House	Referred to the House Committee on Ways and Means.
2015-01-27	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/547/all-info
Text	https://www.congress.gov/114/bills/hr547/BILLS-114hr547ih.pdf