Senator wants to strip NFL of tax-exempt status - Spokane, North Idaho News & Weather KHQ.com

Senator wants to strip NFL of tax-exempt status

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Senator wants to strip NFL of Tax-exempt status Senator wants to strip NFL of Tax-exempt status
NEW YORK, NY -

As the Ray Rice and Adrian Peterson controversies continue to make headlines, a U.S. Senator introduced legislation this week that would remove the National Football League's tax-exempt status and redirect the money to benefit victims of domestic violence.

Senator Cory Booker (D-N.J.) said he doesn't want to stop with the NFL either. The Senator says he wants to remove the status of 10 professional sports leagues, including the NHL, NFL, and PGA Tour.

The tax-exempt status allows these leagues to avoid paying taxes on dues collected from participants. If approved, and it's not clear there is the support to make that happen, the legislation would take effect in 2015.


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