The Parity for Athletic Recreation Act, or PAR Act, proposes to amend the Internal Revenue Code of 1986. Its primary objective is to remove existing restrictions that prevent the use of certain proceeds for private or commercial golf courses and country clubs. Specifically, the bill strikes the phrase "private or commercial golf course, country club," from Section 144 of the Internal Revenue Code, which deals with qualified private activity bonds. This amendment would allow these facilities to access financing mechanisms from which they were previously excluded. The changes would apply to obligations issued, individuals beginning work, and taxable years beginning after the date of the Act's enactment, depending on the specific code section affected.