CONGRESS FOR VOTERS

Nicole Malliotakis (R-NY)

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.

H.R. 10682 · House bill Taxation

A Republican bill with 4 Democratic cosponsors · See all 12 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is about changing how professional sports franchises are taxed regarding employee pay deductions. It was introduced in the House of Representatives by Ms. Malliotakis along with three other members. The text updates the Internal Revenue Code of 1986. Specifically, it changes the rules for who counts as one of the highest-compensated employees whose pay has deduction limits. These new rules are set to apply to taxable years starting after December 31, 2026.

Yes

  • Scored +3

    Does this cut taxes for small businesses?

    The bill provides targeted tax deduction relief related to employee remuneration that may benefit certain franchise-oriented business structures.

  • Scored +3

    Would business owners be better off under this?

    Professional sports franchise owners benefit from parity in tax deductions for employee remuneration.

  • Scored +2

    Does this make it easier to run a small business?

    By modifying taxation rules for professional sports franchises regarding employee pay deductions, it offers minor operational clarity for sports businesses.

The opposite

No question was scored the opposite.