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S. 2519

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to impose an asset test on professional sports leagues qualifying for 501(c)(6) status.
About This Bill
Committee
Latest Action · July 26, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
July 26, 2023
Cosponsors (1)
1D 0R
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Summary

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Sports League Tax-Exempt Status Limitation Act This bill denies a tax exemption for professional sports leagues whose assets have an average annual value in excess of $500 million for any 3-taxable year period beginning after 2020.

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