Raphael Warnock (D-GA)
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.
A Democratic bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Finance.
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
- Introduced
- In Committee
What this bill would do
This bill changes the tax rules for professional sports franchises in the United States. It was introduced in the Senate by Mr. Warnock and Mrs. Britt on September 30, 2026. The legislation amends the Internal Revenue Code of 1986 regarding the deduction limits for certain employee pay. Specifically, it excludes individuals who perform services in the field of athletics from being counted among the highest compensated employees for these tax deduction limits. These changes are set to apply to taxable years beginning after December 31, 2026.
Who it would affect, and how
Potential Positive Impacts for People
- Exclusion for athletes: Under Section 1 of the bill, amending section 162(m)(3)(C) of the Internal Revenue Code of 1986, individuals who perform services in the field of athletics are excluded from being counted among the 5 highest compensated employees for the tax deduction limitation on employee remuneration. This could be seen as positive because it provides parity in how professional sports franchises are taxed regarding employee pay deductions.
Potential Negative Impacts for People
- No negative impacts identified: Based strictly on the provided text, there are no specific sections or provisions that outline negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
No significant interests or groups are affected by this bill.
- 9/30/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Katie BrittRepublican · Alabama