U.S. Congress legislation · 119th Congress
HB10682: 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.
Status: In committee, October 1, 2026
What the bill says
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.
From the introduced text, October 1, 2026:
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 remuneration, and for other purposes. SECTION 1. Establishing parity in taxation of professional sports franchises (a) In general Section 162(m)(3)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (C) such employee is among the 5 highest compensated employees for the taxable year other than-- (i) any individual described in subparagraph (A) or (B), or (ii) any individual who performs services in the field of athletics (within the meaning of section 1.199A-5(b)(2)(viii) of title 26, Code of Federal Regulations (as in effect on the date of the enactment of this subparagraph)) for the taxpayer, or . (b) Technical amendment Section 162(m)(3)(D) of such Code is amended by inserting such employee before was a covered employee . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2026.
Sponsors
- Nicole Malliotakis (R, HD-011) · primary sponsor
- Thomas Suozzi (D, HD-003)
- Brian Jack (R, HD-003)
- Lucy McBath (D, HD-006)
- Fuller, Clay (R)
- Austin Scott (R, HD-GA-8)
- Earl Carter (R, HD-GA-1)
- Barry Loudermilk (R, HD-011)
- Nikema Williams (D, HD-005)
- Andrew Garbarino (R, HD-002)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB10682?
- HB10682 is a bill in Congress (119th Congress): 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.
- What does HB10682 do?
- In its own words: 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.
- What is the status of HB10682?
- In committee as of October 1, 2026. Latest action: Referred to the House Committee on Ways and Means. (October 1, 2026).
- Who sponsored HB10682?
- Nicole Malliotakis (R, HD-011), with 9 co-sponsors.
- Where is the official record for HB10682?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10682
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.