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Ending Tax Exemptions for Professional Sports Leagues

This bill aims to end income tax exemptions for professional sports leagues. This means that organizations like sports leagues, which currently do not pay corporate income tax, will be required to do so. The impact on citizens may be indirect, through potential increases in government revenue.
Key points
Professional sports leagues will lose their tax-exempt status.
Changes will apply to tax years beginning after the bill's enactment date.
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Additional Information
Print number: 118_HR_3908
Sponsor: Rep. Garamendi, John [D-CA-8]
Process start date: 2023-06-07