Congress·In Committee·H.R. 1583

PAR Act

Golf Courses: Tax Credit and Bond Eligibility

over 1 year ago·View on Congress.gov·Read full text

The PAR Act is currently in the early stages of the legislative process after being introduced in the House. It has been sent to the House Committee on Ways and Means for review. The bill is actively moving forward as it waits for the committee to consider it.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While the bill has support from both parties, tax breaks for country clubs often face public criticism and struggle to pass during busy sessions.

Key Points

This bill changes tax laws to allow golf courses and country clubs to use special government-backed financing. Right now, these businesses are banned from using certain tax-exempt bonds and tax credits that many other businesses use to grow.
The change would help golf courses get cheaper loans for building or making improvements. It would also let them benefit from programs like Opportunity Zones and Empowerment Zones, which provide tax breaks to businesses that create jobs in struggling areas.
Supporters believe this bill treats golf courses fairly compared to other recreation businesses. They argue that golf courses provide jobs and help local economies just like other companies.
If this becomes law, the new rules would apply to any new loans or business activities starting after the bill is signed. It would not change the rules for money already spent or loans that are already in place.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Feb 25, 2025House

Referred to the House Committee on Ways and Means.

Feb 25, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

PAR Act

Bill NumberHR 1583

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(16)

D: 3R: 13

Analysis generated by AI. Always verify with official sources.