119th Congress

S.5661

A bill to amend the Internal Revenue Code of 1986 to provide parity in the taxation of professional sports franchises under the limitation on the deduction for certain employee renumeration, and for other purposes.

Introduced·9/30/26

Prefiled

Introduced9/30/26

Chamber Passed

Final Passage

Complete

Introduced

S. 5661

Introduced in Senate · October 8, 2026

September 30, 2026

Mr. Warnock (for himself and Mrs. Britt) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to provide parity in the taxation of professional sports franchises under the limitation on the deduction for certain employee remuneration, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Establishing parity in taxation of professional sports franchises.

(a) In general.— Section 162(m)(3)(C) of the Internal Revenue Code of 1986 is amended to read as follows:

S5661 U.S. Senate: Federal SB5661 amends the Internal…