PAR Act

119 HR 1583 IH: Parity for Athletic Recreation Act U.S. House of Representatives 2025-02-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 1583 IN THE HOUSE OF REPRESENTATIVES February 25, 2025 Ms. Tenney (for herself, Mr. Panetta , and Mr. Hudson ) 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 remove private or commercial golf courses and country clubs from the list of uses for which certain proceeds cannot be used. 1. Short title This Act may be cited as the Parity for Athletic Recreation Act or the PAR Act . 2. Repeal of restrictions on use of certain proceeds for private or commercial golf courses and country clubs (a) In general Section 144 of the Internal Revenue Code of 1986 is amended by striking private or commercial golf course, country club, each place it appears. (b) Effective dates (1) In general The amendment made by this section shall apply to obligations issued after the date of the enactment of this Act. (2) Special rule for empowerment zone employment credit For purposes of section 1396(d)(2) of the Internal Revenue Code of 1986, the amendment made by subsection (a) shall apply to individuals who begin work for the employer after the date of the enactment of this Act. (3) Special rule for empowerment zone business and opportunity zones For purposes of sections 1397C(d)(5) and 1400Z–2(d)(3)(A) of the Internal Revenue Code of 1986, the amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.