Section 1 Short title
This Act may be cited as the “Parity for Athletic Recreation Act” or the “PAR Act”.
Parity for Athletic Recreation Act
A BILL
To amend the Internal Revenue Code of 1986 to remove private or commercial golf courses and country clubs from the list of uses for which certain proceeds cannot be used.
Sec. 2 Repeal of restrictions on use of certain proceeds for private or commercial golf courses and country clubs
In general— Section 144 of the Internal Revenue Code of 1986 is amended by striking “private or commercial golf course, country club,” each place it appears.
Effective dates—
In general— The amendment made by this section shall apply to obligations issued after the date of the enactment of this Act.
Special rule for empowerment zone employment credit— For purposes of section 1396(d)(2) of the Internal Revenue Code of 1986, the amendment made by subsection (a) shall apply to individuals who begin work for the employer after the date of the enactment of this Act.
Special rule for empowerment zone business and opportunity zones— For purposes of sections 1397C(d)(5) and 1400Z–2(d)(3)(A) of the Internal Revenue Code of 1986, the amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.