No Goodwill for Harming Women Act

Key Points

• This bill targets professional women's sports teams that allow transgender women to compete. It would stop these teams from using a specific tax break called amortization. This tax break usually lets businesses spread out the cost of buying a franchise over many years to lower their taxes.
• The rule would apply to any professional team designated for females that allows anyone born biologically male to participate. The bill defines sex based on a person's biology and genetics at birth.
• If passed, owners of these teams would face higher tax bills because they could no longer deduct the value of assets like the team's brand or reputation. This change would only apply to teams bought after the law is signed.
• The Treasury Department would be responsible for creating a system to check which teams are following the rules. They would need to verify which franchises allow biological males to play.

Impact Analysis

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