Bill > HR1583

This bill, known as the Parity for Athletic Recreation (PAR) Act, seeks to amend the Internal Revenue Code of 1986 by removing restrictions on the use of certain proceeds for private or commercial golf courses and country clubs. Specifically, the bill eliminates language that previously prohibited the use of certain financial proceeds for these types of recreational facilities. The amendment will apply to financial obligations issued after the bill's enactment date, and it also includes special provisions related to Empowerment Zone Employment Credit and Empowerment Zone Business and Opportunity Zones. These changes will affect how certain tax-related financial instruments and credits can be used, potentially providing more flexibility for businesses and investors in the recreational and golf course industries. The bill aims to reduce regulatory barriers and potentially create new economic opportunities by removing previous limitations on the use of specific financial proceeds.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1583/all-info