PRO Sports Act

Summary

Properly Reducing Overexemptions for Sports Act or the PRO 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.

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Timeline

1. 29 January 2014

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 29 January 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 January 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 January 2014 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 January 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 January 2014

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 January 2014

  Open at official source

Sponsors

• Jason Chaffetz · R · Sponsor
• PETER VISCLOSKY · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← PRO Sports Act
• related to ← Securing Assistance for Victims' Empowerment (SAVE) Act