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Code · BILL · 113th Congress · H.R. 1 (Introduced in House) — To amend the Internal Revenue Code of 1986 to provide for comprehensive tax reform. · Sec. 5301

Sec. 5301. Repeal of tax-exempt status for professional sports leagues

73 words·~1 min read·/bill/113/hr/1/ih/section-5301

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Paragraph
(6)of section 501(c) is amended— by striking , boards of trade, or professional and all that follows through players) and inserting , or boards of trade , and by adding at the end the following: This paragraph shall not apply to any professional sports league (whether or not administering a pension fund for players). . The amendments made by this section shall apply to taxable years beginning after December 31, 2014.
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