H.R. 578 · 118th Congress
PRO Sports Act
- Stage
- In committee
- Sponsor
- W. Steube
- Introduced
- 2023-01-26
- Latest action
- 2023-01-26 · Introduced in House
Summary
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.