A bill to repeal the application of Revenue Ruling 86-63, relating to the deductibility of contributions to university athletic funds.

Summary

Provides that the Internal Revenue Code shall be applied without regard to Revenue Ruling 86-63 or any similar regulation. (Revenue Ruling 86-63 provides that no charitable contribution will be allowed for donations to university athletic scholarship funds if the donor receives the right to purchase season tickets on preferential basis.)

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

Timeline

1. 28 April 1986

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 April 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 May 1986

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 28 April 1986

  Open at official source

Sponsors

• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Heflin, Howell [D-AL] · D · Sponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to repeal the application of Revenue Ruling 86-63, relating to the deductibility of contributions to university athletic funds.