IOC Act
Last action on Mar 8, 2022Committee on Banking, Housing, and Urban Affairs. Hearing...
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Summary
Irresponsible Olympic Collaboration Act or the IOC Act
This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).
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