H.R. 6433 · 117th Congress
IOC Act
- Stage
- In committee
- Sponsor
- Michael Waltz
- Introduced
- 2022-01-19
- Latest action
- 2022-01-19 · Introduced in House
Summary
Irresponsible Olympic Collaboration Act or the IOC Act
This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).