Cory Booker introduces bill to strip NFL of tax-exempt status

[sio]

Amid uproar over the N.F.L.’s handling of domestic abuse cases involving some of its players, Senator Cory Booker (D-NJ) has introduced a bill that would disallow major professional sports leagues, most notably the NFL, from claiming status as tax-exempt nonprofits

Comments

[shadwrayvn]

They should have never been tax exempt just like churches I just dont get it!

[shipperx]

most notably the NFL, from claiming status as tax-exempt nonprofits.

How in the hell is the NFL a 'nonprofit' in the first place?!

[kate_mct]

They do, everything they do is for money.

[bmh4d0k3n]

Nonprofit status isn't (necessarily) about not turning a profit -- it's a corporate structure dependent on how any surpluses are used (they're supposed to be invested back in the business instead of paying out profits to shareholders).

[wrestlingdog]

I forgot how much I love that Cory Booker tag.

[bnmc2005]

Wow. I had no idea they were considered ... wtf ever it is to be tax exempt.

John Oliver did say that Europeaon football is "like a religion", so I guess it's the same for the US game of the same name

- but um, seriously- NO.

[bananainpyjamas]

Good. The exemption for trade associations isn't necessarily a bad thing, but professional sports leagues are NOT trade associations.