The National Football League is ending its tax exempt status, Bloomberg’s Richard Rubin reports. League Commissioner Roger Goodell told team owners and members of Congress about the change in a letter Tuesday.
Although the 32 individual NFL teams and owners are private companies that pay taxes, the league’s central office had been organized as a tax-exempt 501(c)(6) nonprofit — similar to business leagues, trade organizations and chambers of commerce. As Goodell noted, money generated from television deals, licensing agreements, sponsorships and ticket sales was already taxable through the 32 teams.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
Already a member? Log in
