H.R. 4544House113th Congress (2013-2015)In Committee

Stop Penalizing Taxpayers for Sports Owner Fouls Act of 2014

Introduced May 1, 2014

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

May 1, 2014

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HouseIntro Referral

Introduced in House

May 1, 2014

HouseIntro Referral

Referred to the House Committee on Ways and Means.

May 1, 2014

Floor Debate

4 members

What members said about H.R. 4544 on the floor

3 Republicans1 Democrat
Candice S. Miller
Rep. Candice S. MillerR-MI-10 · Nov 18, 2013

Mr. Speaker, I move to suspend the rules and concur in the concurrent resolution (S. Con. Res. 25) authorizing the use of Emancipation Hall in the Capitol Visitor Center for activities associated…

Markwayne Mullin
Rep. Markwayne MullinR-OK-2 · Nov 18, 2013

Mr. Speaker, I would like to thank the gentlelady from Michigan for yielding me time to speak on such an important issue. The Cherokee Nation has a rich history of pride and heritage inside this…

Tom Cole
Rep. Tom ColeR-OK-4 · Nov 18, 2013

I thank my friend, the chairman, for yielding me the time and for her gracious remarks. Mr. Speaker, Native Americans have fought against, with, and for the United States more than any other group of…

Susan A. Davis
Rep. Susan A. DavisD-CA-53 · Nov 18, 2013

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I join the chair in supporting S. Con. Res. 25, which authorizes the use of Emancipation Hall for a ceremony to award the…

Bill Text

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Introduced in HouseIssued May 1, 2014

I

113th CONGRESS

2d Session

H. R. 4544

IN THE HOUSE OF REPRESENTATIVES

May 1, 2014

Mr. Cárdenas (for himself, Mr. Grijalva, Mrs. Napolitano, Mr. Rush, Mr. Vargas, Mr. Garcia, and Mr. Ruiz) 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 disallow a deduction for any fine paid by an owner of professional sports franchise.

1.

Short title

This Act may be cited as the Stop Penalizing Taxpayers for Sports Owner Fouls Act of 2014.

2.

Denial of deduction for fines paid by owner of professional sports franchise

(a)

In general

Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (q) as subsection (r) and by inserting after subsection (p) the following new subsection:

(q)

Fines and penalties paid by owners of professional sports franchises

In the case of an individual who owns (directly or indirectly) a professional sports franchise, no deduction shall be allowed under subsection (a) for any fine or similar penalty paid to the professional sports league or association of which the franchise is a member.

.

(b)

Effective date

The amendment made by this section shall apply to amounts paid or incurred after December 31, 2013.