Legis Daily

Sports League Tax-Exempt Status Limitation Act

USA118th CongressS-2519| Senate 
| Updated: 7/26/2023
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (1)
Brian Schatz (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
  • July 26, 2023
    Introduced in Senate
  • July 26, 2023
    Read twice and referred to the Committee on Finance.

Taxation

Sports League Tax-Exempt Status Limitation Act

USA118th CongressS-2519| Senate 
| Updated: 7/26/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
  • July 26, 2023
    Introduced in Senate
  • July 26, 2023
    Read twice and referred to the Committee on Finance.
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (1)
Brian Schatz (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted