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.

This bill updates federal tax rules regarding limitations on tax deductions for highly compensated employees. When identifying an employer's five highest-paid workers for these tax deduction caps, the bill excludes individuals who perform athletic services. It also includes a technical wording corre