LadyStanley
Registered User
PGA Tour's tax exemption faces new challenge
A new federal bill was proposed Wednesday by Senate Finance Committee chairman Ron Wyden (D-Ore.).
theathletic.com
A new federal bill was proposed Wednesday by Senate Finance Committee chairman Ron Wyden (D-Ore.). The bill, The Sports League Tax-Exempt Status Limitation Act, would modify the 501(c)(6) designation in the tax code to exclude sports organizations with assets exceeding $500 million
PGA has $3B in assets.
Might impact more than PGA in the future