H.R. 6774 proposes changes to the Internal Revenue Code of 1986, specifically targeting professional sports leagues. The bill aims to apply new rules so that professional sports organizations with annual gross receipts over $1 billion, and involved in activities like managing league business,...
Simple Explanation
Congress is thinking about changing the tax rules so that really big sports leagues, the ones making lots of money, might have to start paying taxes too, especially if they make more than a billion dollars a year. This is like saying super-rich sports teams have to share more of their money with the country.