PAR Act
Summary
What This Bill Does
The PAR Act removes the phrase private or commercial golf course, country club from several Internal Revenue Code restrictions. The change affects private activity bond rules and related cross-referenced tax benefits, with prospective application to obligations issued after enactment, individuals who begin work for the employer after enactment for one zone-related rule, and taxable years beginning after enactment for other zone provisions. The practical result is that golf courses and country clubs could become eligible for certain tax-advantaged financing or zone incentives that current law excludes. The bill is narrow but financially meaningful for golf course developers, country clubs, municipal bond issuers, and community-development zones that include recreational projects.
Who Benefits and How
Private golf courses benefit because tax-exempt private activity bond restrictions would no longer exclude them by name. Country clubs benefit because federal tax law would stop treating them as categorically barred from the covered financing rules. Municipal bond issuers benefit from a larger set of projects eligible for tax-advantaged financing. Real estate developers benefit if golf or club projects in eligible zones can use tax incentives prospectively.
Who Bears the Burden and How
Federal taxpayers bear the revenue cost if more golf course or country club projects use tax-advantaged financing. Public finance watchdogs may object because recreational private facilities gain access to benefits previously denied. The Internal Revenue Service must update guidance and administer prospective effective dates across affected Code sections. Competing recreation businesses may face subsidized competition from golf and club projects receiving tax benefits.
Key Provisions
- Repeals Code language excluding private or commercial golf courses and country clubs.
- Authorizes covered projects to use affected bond and zone tax rules prospectively.
- Applies the bond change to obligations issued after enactment.
- Applies related zone-rule changes to workers or taxable years beginning after enactment.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Repeals Internal Revenue Code restrictions that block certain tax-advantaged bond and zone benefits from being used for private or commercial golf courses and country clubs, with prospective effective dates.
Key Policy Areas
Tax, Municipal Finance, Real Estate
Primary Purpose
Repeals Internal Revenue Code restrictions that block certain tax-advantaged bond and zone benefits from being used for private or commercial golf courses and country clubs, with prospective effective dates.
Policy Domains
Resolution provisions
Identified Gains
- Private golf courses
- Country clubs
- Municipal bond issuers
- Real estate developers
Identified Costs
- Federal taxpayers
- Public finance watchdogs
- Internal Revenue Service
- Competing recreation businesses
Sponsors
Legislative Progress
In CommitteeMs. Tenney (for herself, Mr. Panetta, and Mr. Hudson) introduced …
Referred to the House Committee on Ways and Means.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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