Bill Details
HR.1583 - 119th Congress
Status
Latest action
2025-02-25 - Referred to the House Committee on Ways and Means.
Introduced Date
2025-02-25
Policy Area
Taxation
Committees
View committees (1)
Sponsors
Cosponsors
View cosponsors (16)
- Rep. Panetta, Jimmy [D-California-19]
- Rep. Hudson, Richard [R-North Carolina-9]
- Rep. Norton, Eleanor Holmes [D-District of Columbia]
- Rep. Carter, Earl L. "Buddy" [R-Georgia-1]
- Rep. Harris, Andy [R-Maryland-1]
- Rep. Hamadeh, Abraham J. [R-Arizona-8]
- Rep. Bishop, Sanford D. [D-Georgia-2]
- Rep. Bergman, Jack [R-Michigan-1]
- Rep. Moore, Blake D. [R-Utah-1]
- Rep. Murphy, Gregory F. [R-North Carolina-3]
- Rep. Carey, Mike [R-Ohio-15]
- Rep. Alford, Mark [R-Missouri-4]
- Rep. Franklin, Scott [R-Florida-18]
- Rep. Yakym, Rudy [R-Indiana-2]
- Rep. Owens, Burgess [R-Utah-4]
- Rep. Ciscomani, Juan [R-Arizona-6]
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AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would change tax rules so that certain government bond money can be used for private or commercial golf courses and country clubs. Under current law, those kinds of projects are on a list of uses that are not allowed for some tax-favored financing. The bill would remove that restriction, making it easier for these types of facilities to receive support from certain proceeds. It would also set when the change takes effect for different parts of the tax code.
- It amends the Internal Revenue Code by striking the words “private or commercial golf course, country club” from the list of banned uses.
- The change would apply to obligations, such as certain bonds, issued after the bill becomes law.
- It also updates related tax rules so the new language applies after enactment for certain empowerment zone and opportunity zone provisions.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1583 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1583
To amend the Internal Revenue Code of 1986 to remove private or
commercial golf courses and country clubs from the list of uses for
which certain proceeds cannot be used.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 25, 2025
Ms. Tenney (for herself, Mr. Panetta, and Mr. Hudson) introduced the
following bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to remove private or
commercial golf courses and country clubs from the list of uses for
which certain proceeds cannot be used.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Parity for Athletic Recreation Act''
or the ``PAR Act''.
SEC. 2. REPEAL OF RESTRICTIONS ON USE OF CERTAIN PROCEEDS FOR PRIVATE
OR COMMERCIAL GOLF COURSES AND COUNTRY CLUBS.
(a) In General.--Section 144 of the Internal Revenue Code of 1986
is amended by striking ``private or commercial golf course, country
club,'' each place it appears.
(b) Effective Dates.--
(1) In general.--The amendment made by this section shall
apply to obligations issued after the date of the enactment of
this Act.
(2) Special rule for empowerment zone employment credit.--
For purposes of section 1396(d)(2) of the Internal Revenue Code
of 1986, the amendment made by subsection (a) shall apply to
individuals who begin work for the employer after the date of
the enactment of this Act.
(3) Special rule for empowerment zone business and
opportunity zones.--For purposes of sections 1397C(d)(5) and
1400Z-2(d)(3)(A) of the Internal Revenue Code of 1986, the
amendment made by subsection (a) shall apply to taxable years
beginning after the date of the enactment of this Act.
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