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PRO Sports Act

12/15/2023, 3:54 PM

Congressional Summary of HR 578

Properly Reducing Overexemptions for Sports Act or the PRO Sports Act

This bill removes professional football leagues from the list of tax-exempt organizations. The bill also prohibits an organization or entity from being 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; and (2) has annual gross receipts in excess of $10 million.

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Current Status of Bill HR 578

Bill HR 578 is currently in the status of Bill Introduced since January 26, 2023. Bill HR 578 was introduced during Congress 118 and was introduced to the House on January 26, 2023.  Bill HR 578's most recent activity was Referred to the House Committee on Ways and Means. as of January 26, 2023

Bipartisan Support of Bill HR 578

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 578

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 578

PRO Sports Act
PRO Sports Act
Properly Reducing Overexemptions for Sports Act
To amend the Internal Revenue Code of 1986 to exclude major professional sports leagues from qualifying as tax-exempt organizations.

Comments

Sponsors and Cosponsors of HR 578

W. Gregory Steube
W. Gregory Steube
FloridaRepublican

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