HR 6433 · 117th Congress · Taxation
IOC Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2022-01-19)
Plain Language Summary
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Irresponsible Olympic Collaboration Act or the IOC Act This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
1 Democrat11 Republicans