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.
Latest action (1 Oct 2026): Introduced
What this bill does
This bill, H.R. 10682, introduced by Representative Nicole Malliotakis, aims to change how professional sports franchises are taxed. The title suggests the bill focuses on ensuring fairness in how certain employee payments are treated for tax deduction purposes when compared to other businesses. The specific details of these changes are not yet publicly available as the full text of the bill has not been published.
The bill would affect professional sports franchises by potentially altering the rules for deducting certain employee compensation expenses. Other businesses that are subject to the same deduction limitations would also be impacted as the bill seeks to create parity, meaning equal treatment, between sports franchises and other entities under these specific tax provisions.
Currently, H.R. 10682 has been introduced in the 119th Congress and its latest action was its introduction on October 1, 2026. The bill's next steps in the legislative process are not determined by the information provided.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on October 1, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10682 do?
- This bill, H.R. 10682, introduced by Representative Nicole Malliotakis, aims to change how professional sports franchises are taxed. The title suggests the bill focuses on ensuring fairness in how certain employee payments are treated for tax deduction purposes when compared to other businesses. The specific details of these changes are not yet publicly available as the full text of the bill has not been published. The bill would affect professional sports franchises by potentially altering the rules for deducting certain employee compensation expenses. Other businesses that are subject to the same deduction limitations would also be impacted as the bill seeks to create parity, meaning equal treatment, between sports franchises and other entities under these specific tax provisions. Currently, H.R. 10682 has been introduced in the 119th Congress and its latest action was its introduction on October 1, 2026. The bill's next steps in the legislative process are not determined by the information provided.
- Has H.R. 10682 become law?
- Not yet. As of 1 Oct 2026, H.R. 10682 is introduced.
- Who sponsored H.R. 10682?
- H.R. 10682 was sponsored by Rep. Nicole Malliotakis [R-NY11] (Republican-NY), with 0 cosponsors.
- What's the latest action on H.R. 10682?
- Introduced (1 Oct 2026).
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.