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.
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Summary
Based on the bill's title, this measure would amend the Internal Revenue Code to modify how the deduction limitation for certain employee compensation applies to professional sports franchises. The bill appears to seek parity in tax treatment, though the specific nature of the parity and which franchises or compensation structures are affected cannot be determined from the title alone.
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How your representatives voted
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