By: Amanda Wilson
A recent proposal by U.S. Congressman Jason Chaffetz, the Chairman of the Committee on Oversight and Government Reform, would eliminate the tax-exemption under Internal Revenue Code section 501(c)(6) for professional sports leagues with annual revenues over $10 million. If successfully passed, this proposal would be expected to affect the National Football League.
Last week, Congressman Chaffetz and Congressman Cummings, another member of the committee, sent a letter to NFL Commissioner Roger Goodell. This letter asked how the proposal would impact the NFL and other probing questions. Chairman Chaffetz clearly intends to keep applying pressure with respect to this proposal.
