Section 1 Short title
This Act may be cited as the “Securing Assistance for Victims’ Empowerment (SAVE) Act”.
Securing Assistance for Victims’ Empowerment (SAVE) Act
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the specific exemption for professional football leagues and to provide a special rule for other professional sports leagues, and to provide an additional authorization of appropriations for the Family Violence Prevention and Services Act.
Sec. 2 Elimination of specific exemption for professional football leagues; special rules relating to professional sports leagues
Elimination of specific exemption for professional football leagues— Paragraph (6) of section 501(c) of the Internal Revenue Code of 1986 is amended—
by striking “, or professional football leagues (whether or not administering a pension fund for football players)”, and
by inserting “or” after “real-estate boards,”.
Special rules relating to professional sports leagues— Section 501 of the Internal Revenue Code of 1986 is amended—
by redesignating subsection (s) as subsection (t), and
by inserting after subsection (r) the following new subsection:
“(s) Special Rules Relating to Professional Sports Leagues—No organization or entity shall be treated as described in subsection (c)(6) if such organization or entity—
“(1) is a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct), and
“(2) has annual gross receipts in excess of $10,000,000.”
Effective Date— The amendments made by this section shall apply to taxable years beginning after December 31, 2014.
Sec. 3 Family violence prevention and services act
Purpose— The purpose of this section is to authorize, for providing shelter, supportive services, or prevention services to victims of family violence, domestic violence, or dating violence, an amount equal to the savings obtained by the amendments made under section 2.
Authorization— Section 303(a) of the Family Violence Prevention and Services Act (42 U.S.C. 10403(a)) is amended by striking “2015” and inserting “2014, and $275,000,000 for fiscal year 2015”.