NFL drops tax-exempt status to avoid 'distraction' [View all]
The NFL league office will relinquish its status as a tax-exempt business after more than 70 years, ending several recent controversies and misunderstandings about why such a wealthy enterprise even needed it.
Individual NFL teams had been taxable businesses, but not the league office, which was set up as a not-for-profit, tax-exempt business.
"The income generated by football has always been earned by the 32 clubs and taxable there," said a statement issued by Robert McNair, owner of the Houston Texans and chairman of the league's finance committee. "This is the case whether the league office is tax exempt or taxable. The owners have decided to eliminate the distraction associated with misunderstanding of the league office's status, so the league office will in the future file returns as a taxable entity."
http://www.king5.com/story/sports/nfl/2015/04/28/nfl-tax-exempt-status-relinquish-roger-goodell/26516185/
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