Stop Penalizing Taxpayers for Sports Owner Fouls Act of 2014

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4544 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4544

To amend the Internal Revenue Code of 1986 to disallow a deduction for 
      any fine paid by an owner of professional sports franchise.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 1, 2014

Mr. Cardenas (for himself, Mr. Grijalva, Mrs. Napolitano, Mr. Rush, Mr. 
Vargas, Mr. Garcia, and Mr. Ruiz) 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 disallow a deduction for 
      any fine paid by an owner of professional sports franchise.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop Penalizing Taxpayers for Sports 
Owner Fouls Act of 2014''.

SEC. 2. DENIAL OF DEDUCTION FOR FINES PAID BY OWNER OF PROFESSIONAL 
              SPORTS FRANCHISE.

    (a) In General.--Section 162 of the Internal Revenue Code of 1986 
is amended by redesignating subsection (q) as subsection (r) and by 
inserting after subsection (p) the following new subsection:
    ``(q) Fines and Penalties Paid by Owners of Professional Sports 
Franchises.--In the case of an individual who owns (directly or 
indirectly) a professional sports franchise, no deduction shall be 
allowed under subsection (a) for any fine or similar penalty paid to 
the professional sports league or association of which the franchise is 
a member.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or incurred after December 31, 2013.
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