The PAR Act (Parity for Athletic Recreation Act) would amend federal tax law to allow certain tax-exempt bond proceeds to be used for private and commercial golf courses and country clubs, uses that are currently prohibited under the Internal Revenue Code. The bill targets restrictions in Section 144 of the tax code, which limits how proceeds from certain municipal bonds can be spent. The changes would apply immediately to bonds issued after the bill becomes law, with special effective dates for related provisions affecting empowerment zones and opportunity zones (applying to workers hired and tax years beginning after enactment). This legislation would effectively level the playing field between golf facilities and other recreational uses by removing the categorical ban on their financing through these tax-advantaged bond programs. The bill was introduced in February 2025 and referred to the House Committee on Ways and Means.
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