1. Short title
This Act may be cited as the “Athlete Opportunity and Taxpayer Integrity Act”.
Athlete Opportunity and Taxpayer Integrity Act
A BILL
To amend the Internal Revenue Code of 1986 to disallow a deduction for charitable contributions for certain purposes relating to college athletics.
2. Disallowance of deduction for contributions for certain purposes relating to college athletics
In general— Section 170 of the Internal Revenue Code of 1986 is amended by redesignating subsections (p) and (q) as subsections (q) and (r), respectively, and by inserting after subsection (o) the following new subsection:
“(p) Contributions for certain purposes relating to college athletics
“(1) In general—No deduction shall be allowed for any contribution any portion of which is used by the donee to compensate 1 or more secondary or post-secondary school athletes for the use of their name, image, or likeness by reason of their status as athletes.
“(2) Exception—Paragraph (1) shall not apply to any contribution made directly to an organization which is an eligible educational institution (as defined in section 25A(f)(2)).”
Conforming amendment— Section 63(b)(4) of the Internal Revenue Code of 1986 is amended by striking “170(p)” and inserting “170(q)”.
Effective date— The amendments made by this section shall apply to contributions made in taxable years beginning after the date of the enactment of this Act.