IOC Act
Summary
Irresponsible Olympic Collaboration Act or the IOC Act This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2022
Committee Review
Floor Vote
President
Introduced Feb 3, 2022
Last action Mar 8, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Mar 8, 2022
Upper · Passed
Committee on Banking, Housing, and Urban Affairs. Hearings held.
upper
Feb 3, 2022
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 3, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rick Scott
RRepublican
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