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United States · Bill · HR

H.R. 1551 (103rd)

To amend the Internal Revenue Code of 1986 to provide an exclusion from unrelated business taxable income for certain sponsorship payments.

openUnited States· United States Congress· EN

Introduced

31 March 1993

Last action

22 April 1993 · Introduced

Status

Sponsor introductory remarks on measure. (CR E1010)

Sponsors

Rep. Brewster, Bill K. [D-OK-3], Rep. Camp, Dave [R-MI-4], Rep. Shepherd, Karen [D-UT-2], Rep. Zeliff, William H., Jr. [R-NH-1], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Callahan, Sonny [R-AL-1], Rep. Baker, Richard H. [R-LA-6], Rep. Packard, Ron [R-CA-48], Rep. Lewis, John [D-GA-5], Rep. McDermott, Jim [D-WA-7], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Orton, Bill [D-UT-3], Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5], Rep. Browder, Glen [D-AL-3], Rep. Lancaster, H. Martin [D-NC-3], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Inslee, Jay [D-WA-1], Rep. Lewis, Thomas F. [R-FL-12], Rep. Stump, Bob [R-AZ-3], Rep. Price, David E. [D-NC-4], Rep. Kolbe, Jim [R-AZ-8], Rep. Meek, Carrie P. [D-FL-17], Rep. Paxon, Bill [R-NY-27], Rep. Everett, Terry [R-AL-2], Rep. Houghton, Amo [R-NY-31], Rep. Bacchus, Jim [D-FL-11], Rep. Darden, George (Buddy) [D-GA-7], Rep. Burton, Dan [R-IN-5], Rep. Smith, Lamar [R-TX-21], Rep. McCrery, Jim [R-LA-4], Rep. Dornan, Robert K. [R-CA-46], Rep. Edwards, Chet [D-TX-17], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Myers, John T. [R-IN-7], Rep. Johnston, Harry [D-FL-19], Rep. Machtley, Ronald K. [R-RI-1], Rep. Johnson, Don [D-GA-10], Rep. Geren, Pete [D-TX-12], Rep. Abercrombie, Neil [D-HI-1], Rep. Meyers, Jan [R-KS-3], Rep. Chapman, Jim [D-TX-1]

Subjects

Taxation

Source updated

2 January 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to declare that unrelated trade or business does not include the activity of soliciting and receiving qualified sponsorship payments (payments received by tax-exempt organizations from corporations and other sponsors in connection with certain athletic and other public events) for purposes of the tax on unrelated business income of charitable, etc., organizations. Excludes royalties received by certain tax-exempt olympic organizations for the 1996 Olympics as income from an unrelated trade or business.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 31 March 1993

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 31 March 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 31 March 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 22 April 1993

    Introduced

    Sponsor introductory remarks on measure. (CR E1010)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 31 March 1993

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  • Introduced in House (PDF)

    Introduced in House · EN · 31 March 1993

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  • Introduced in House

    summary · EN · 31 March 1993

    Open at official source

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Sponsors

Related records

Sources

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