What does Preamble of PAR Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would remove private or commercial golf courses and country clubs from a list of uses restricting the application of certain proceeds. The bill was introduced in the House of Representatives on February 25, 2025.

What does SHORT TITLE. of PAR Act do?

This bill is formally titled the Parity for Athletic Recreation Act or the PAR Act.

What does REPEAL OF RESTRICTIONS ON USE OF CERTAIN PROCEEDS FOR PRIVATE of PAR Act do?

This section amends Section 144 of the Internal Revenue Code of 1986 by removing references to 'private or commercial golf course, country club'. The amendment applies to obligations issued after the enactment of this Act. A special rule applies to Section 1396(d)(2) of the Internal Revenue Code of 1986, affecting individuals who begin work after the enactment date. For Sections 1397C(d)(5) and 1400Z-2(d)(3)(A) of the Internal Revenue Code of 1986, the amendment applies to taxable years beginning after the enactment date.

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PAR Act

Last updated: 2/25/2025 · Introduced: 2/25/2025

Author: Claudia Tenney (R-NY)

TL;DR (AI)

The PAR Act removes private and commercial golf courses and country clubs from restrictions on how proceeds from certain tax-exempt obligations can be used.
This change applies to obligations issued after the Act's enactment, impacting specific sections of the Internal Revenue Code related to qualified zone academy bonds and health education and training facilities.
The Act's provisions affect individuals beginning work and taxable years beginning after its enactment date, depending on the specific section of the Internal Revenue Code.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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