PRO Sports Act

Summary

Properly Reducing Overexemptions for Sports Act or the PRO Sports Act This bill amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations. 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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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 June 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 June 2018

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 June 2018

  Open at official source

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