,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cegg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #c1  
#bjbb,mr4 ,scott of ,florida introduced 
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
eliminate the tax exemption of the      
,international ,olympic ,committee and  
similar organizations4  #a4 ,short title
 ,this ,act may be cited as the         
,irresponsible ,olympic ,collaboration  
,act or as the ,,ioc ,act4  #b4         
,elimination of tax exemption for the   
,international ,olympic ,committee and  
similar organizations  7a7 ,in general  
,section #eja of the ,internal ,revenue 
,code of #aihf is amended by adding at  
the end the following new subsection3   
7s7 ,elimination of tax exemption for   
,international ,olympic ,committee and  
similar organizations ,if any           
organization or entity for any taxable  
year-- 7#a7 has the primary purpose of  

international1 multi-sport1 athletic    
competitions1 and  7#b7 has gross       
receipts in excess of #ajj1jjj1jjj for  
any of the #c preceding taxable years1  
such organization shall not be treated  
as described in subsection 7c77#d7 for  
such taxable year2 and no successor of  
any organization or entity which was    
described in such subsection and ceases 
to be so described by reason of the     
enactment of this subsection shall be   
treated as described in any paragraph of
 subsection 7c7 for any subsequent      
taxable year4  4  7b7 ,special rule for 
treaties ,nothing in section #hid or    
#gheb7;d7 of the ,internal ,revenue     
,code of #aihf or in any other provision
 of law shall be construed as permitting
 an exemption1 by reason of any treaty  
obligation of the ,united ,states       
heretofore or hereafter entered into1   
from the amendment made by this section4
  7c7 ,effective date ,the amendment    
made by this section shall apply to     
taxable years beginning after the date  

of the enactment of this ,act4