S 2379 · 99th Congress · Taxation
A bill to repeal the application of Revenue Ruling 86-63, relating to the deductibility of contributions to university athletic funds.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB, Treasury Department.(1986-05-01)
Plain Language Summary
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Provides that the Internal Revenue Code shall be applied without regard to Revenue Ruling 86-63 or any similar regulation. (Revenue Ruling 86-63 provides that no charitable contribution will be allowed for donations to university athletic scholarship funds if the donor receives the right to purchase season tickets on preferential basis.)…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican