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JuiceTheGator
Purveyor of Justice
How about that?! The NFL is no longer a charity or church...or whatever...as it has been since 1942.
NFL Voluntarily Ends Tax-Exempt Status
NFL Voluntarily Ends Tax-Exempt Status
In a memo to the clubs, Commissioner Roger Goodell called the tax exempt status -- granted in 1942 -- "distraction" and added that is has "been mischaracterized repeatedly in recent years."
"The fact is that the business of the NFL has never been tax exempt," he said.
Goodell noted that all the money earned by the league's 32 clubs from television rights fees, licensing agreements, sponsorships, ticket sales "is taxable there" and will remain as such.
The change will strip with NFL's office and management council of its tax exempt status, a decision made after the league's finance committee began a study on whether to do so. Goodell said that during the annual meetings in March, owners grant the committee the ability to change the tax status and is voted to do so last week.