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United States · Bill · HR

H.R. 2557 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide that certain moves of sports franchises will be treated as sales.

openUnited States· United States Congress· EN

Introduced

17 March 1981

Last action

—

Status

Field Hearings Held in Oakland, California.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to provide that a prohibited move of a sports franchise shall be treated as a sale of such franchise and shall be subject to the capital gains tax. Specifies that such moves will not be treated as a sale if such treatment would result in the recognition of a loss.

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Documents

1 official file

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Sources

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