1. Short title This Act may be cited as the Properly Reducing Overexemptions for Sports Act or the PRO Sports Act . 2. Findings Congress makes the following findings: (1) The National Football League (NFL), National Hockey League (NHL), PGA Tour, and Ladies Professional Golf Association (LPGA) each have league offices that are registered with the Internal Revenue Service as nonprofit organizations under section 501(c)(6) of the Internal Revenue Code of 1986. (2) League-wide operations of the NFL, NHL, PGA Tour, and LPGA together generate over $1 billion in annual revenue, and these businesses are unmistakably organized for profit and to promote their brands. (3) Separate from their subsidiaries, the nonprofit league offices of the NFL, NHL, PGA Tour, and LPGA had annual gross receipts of $326.9 million, $41.1 million, $1.5 billion, and $89.1 million in 2010, respectively, for a combined total of over $1.9 billion, according to each organization’s publicly available Form 990 filed with the Internal Revenue Service. (4) According to the Internal Revenue Service, section 501(c)(6) of the Internal Revenue Code of 1986 is for groups looking to promote a common business interest and not to engage in a regular business of a kind ordinarily carried on for profit . (5) According to the Internal Revenue Service, businesses that conduct operations for profit on a cooperative basis should not qualify for tax-exempt treatment under section 501(c)(6) of the Internal Revenue Code of 1986. 3. Elimination of specific exemption for professional football leagues (a) In general Paragraph (6) of section 501(c) of the Internal Revenue Code of 1986 is amended— (1) by striking , or professional football leagues (whether or not administering a pension fund for football players)