Politiparty
Politiparty

118th Congress Taxation

S. 2519: Sports League Tax-Exempt Status Limitation Act

Introduced

  1. Introduced (completed)Jul 26, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jul 26, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

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Other bills by Ron Wyden

History

  1. Jul 26, 2023Introduced in the Senate by Ron Wyden.
Show the full action history (2 actions)
  1. Jul 26, 2023Introduced in Senate
  2. Jul 26, 2023Read twice and referred to the Committee on Finance.