,,ii  #aah? ,,congress  #a/ ,session    
,s4 #beai  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bf1 #bjbc,mr4   
,wyd5 introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to impose an asset
 te/ on pr(essional sports leagues      
qualify+ = #eja7;c77#f7 /atus4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,sports ,league ,tax-,exempt ,/atus     
,limitation ,act4  #b4 ,asset te/ =     
pr(essional sports leagues  7a7 ,9 g5]al
 ,p>agraph 7#f7 ( section #eja7;c7 ( !  
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by ins]t+ 7,a7 aft] 7#f7 1 
&  7#b7 by add+ at ! end ! foll[+ new   
subp>agraph3  7,b7 ,subp>agraph 7,a7    
%all n apply to any pr(essional football
 league if ! av]age annual value ( !    
assets ( su* league1 z report$ on !     
league's annual return1 = any           
#c-taxable-ye> p]iod beg9n+ aft]        
,decemb] #ca1 #bjbj1 exce$s             
#ejj1jjj1jjj4  4  7b7 ,effective date ,!

 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ,decemb]   
#ca1 #bjbc4