,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #cife  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bi1 #bjad,mr4
 ,*affetz introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exclude major  
pr(essional sports leagues f qualify+ z 
tax-exempt organizations4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,prop]ly
 ,r$uc+ ,ov]exemptions = ,sports ,act or
 ! ,,pro ,sports ,act4  #b4 ,f9d+s      
,congress makes ! foll[+ f9d+s3 7#a7 ,! 
,national ,football ,league 7,,nfl71    
,national ,hockey ,league 7,,nhl71 ,,pga
 ,t\r1 & ,ladies ,pr(essional ,golf     
,association 7,,lpga7 ea* h league      
(fices t are regi/]$ ) ! ,int]nal       
,rev5ue ,s]vice z non-pr(it             
organizations "u section #eja7;c77#f7 ( 
! ,int]nal ,rev5ue ,code ( #aihf4  7#b7 
,league-wide op]ations ( ! ,,nfl1 ,,nhl1
 ,,pga ,t\r1 & ,,lpga g5]ate an e/imat$ 
#ac billion 9 annual rev5ue1 & ^!       
bus9esses are unmi/akably organiz$ =    

pr(it & to promote _! br&s4  7#c7       
,sep>ate f _! subsidi>ies1 ! nonpr(it   
league (fices ( ! ,,nfl1 ,,nhl1 ,,pga   
,t\r1 & ,,lpga _h annual gross receipts 
( #ahd4c million1 #hi4a million1 #a4d   
billion1 & #gc4g million 9 #bjaj1       
respectively1 = a comb9$ total ( ov]    
#a4g billion1 accord+ to ea*            
organization's publicly available ,=m   
#iij fil$ ) ! ,int]nal ,rev5ue ,s]vice4 
7#d7 ,accord+ to ! ,int]nal ,rev5ue     
,s]vice1 section #eja7;c77#f7 ( !       
,int]nal ,rev5ue ,code ( #aihf is =     
gr\ps look+ to promote a common bus9ess 
int]e/ & n to engage 9 a regul> bus9ess 
( a k9d ord9>ily c>ri$ on = pr(it4  7#e7
 ,accord+ to ! ,int]nal ,rev5ue ,s]vice1
 bus9esses t conduct op]ations = pr(it  
on a coop]ative basis %\ld n qualify =  
tax-exempt treatm5t "u section          
#eja7;c77#f7 ( ! ,int]nal ,rev5ue ,code 
( #aihf4  #c4 ,elim9ation ( specific    
exemption = pr(essional football leagues
  7a7 ,9 g5]al ,p>agraph 7#f7 ( section 
#eja7;c7 ( ! ,int]nal ,rev5ue ,code (   

#aihf is am5d$-- 7#a7 by /rik+ 1 or     
pr(essional football leagues 7:e!r or n 
adm9i/]+ a p5sion fund = football       
play]s71 &  7#b7 by ins]t+ or aft]      
real-e/ate bo>ds14  7b7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjac4  #d4 ,special rules
 relat+ to pr(essional sports leagues   
7a7 ,9 g5]al ,section #eja ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$-- 7#a7 by
 r$esignat+ subsection 7s7 z subsection 
7t71 &  7#b7 by ins]t+ aft] subsection  
7r7 ! foll[+ new subsection3  7s7       
,special rules relat+ to pr(essional    
sports leagues ,no organization or      
entity %all be treat$ z describ$ 9      
subsection 7c77#f7 if su* organization  
or entity-- 7#a7 is a pr(essional sports
 league1 organization1 or association1 a
 sub/antial activity ( :i* is to fo/]   
national or int]national pr(essional    
sports competitions 7includ+ by manag+  
league bus9ess affairs1 (ficiat+ or     
provid+ ref]ees1 coord9at+ s*$ules1     

manag+ sponsor%ips or broadca/ sales1   
op]at+ loan programs = competition      
facilities1 or ov]see+ play] conduct71 &
  7#b7 has annual gross receipts 9      
excess ( #aj1jjj1jjj4  4  7b7 ,effective
 date ,! am5dm5ts made by ?is section   
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjac4