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NFL to surrender tax-exempt status

  • NFL will file tax returns as taxable entities for the 2015 fiscal year
  • Commissioner Goodell said NFL has been tax-exempt since 1942
  • Owners gave league’s finance committee authority to make change

The National Football League is giving up its tax-exempt status, which Commissioner Roger Goodell called a “distraction.”

In a letter to team owners, Goodell said that the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell said the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income.

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NFL to surrender tax-exempt status

  • NFL will file tax returns as taxable entities for the 2015 fiscal year
  • Commissioner Goodell said NFL has been tax-exempt since 1942
  • Owners gave league’s finance committee authority to make change

The National Football League is giving up its tax-exempt status, which Commissioner Roger Goodell called a “distraction.”

In a letter to team owners, Goodell said that the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell said the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income.

Continue reading...

About the Author

Comments are closed.