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Tuesday, October 31, 2006

NY Times: NCAA Defends Its Tax-Exempt Status

Interesting article in today's New York Times:  Amid Questions, Brand Says N.C.A.A. Tax Status Is Merited, by Pete Thamel:

Myles Brand, the president of the National Collegiate Athletic Association, defended the organization’s tax-exempt status yesterday in the face of questions raised by the chairman of the Ways and Means Committee. After speaking at the National Press Club in Washington, Brand told a news conference that the N.C.A.A. had been advised by outside counsel that it was in compliance as a tax-exempt organization.

Prior TaxProf Blog coverage:

http://taxprof.typepad.com/taxprof_blog/2006/10/ny_times_ncaa_d.html

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