PAR Act

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.