Paul L. Caron
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Wednesday, May 29, 2013

The Senate Should Repeal the NFL's Tax-Exempt Status

NFLFollowing up on my previous posts (links below):  Yahoo! Sports, The U.S. Senate May — and Should — Review the NFL’s Tax-Exempt Status:

Recently, you may have heard that the IRS came under some considerable fire or targeting certain groups seeking tax-exempt status while green-lighting others (such as one run by the brother of President Obama), but did you know that the National Football League, an organization that currently rakes in about $10 billion per year in revenue, is also a non-profit organization in the eyes of the government? While you're trying to figure that one out, we've got another one for you. Did you know that the league has been a non-profit organization since 1966, when the NFL merged with the American Football League, and then-commissioner Pete Rozelle folded in the request for an exemption with the request for an anti-trust exemption?

Yes, it's all true. Technically, the NFL is a 501(c)(6) non-profit organization. That part of the Internal Revenue Code "provides for the exemption of business leagues, chambers of commerce, real estate boards, boards of trade and professional football leagues, which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual."

(Hat Tip: Chaz Perin.)  Prior TaxProf Blog coverage:

https://taxprof.typepad.com/taxprof_blog/2013/05/the-senate-.html

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