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NFL is giving up its tax-exempt status
NFL is giving up its tax-exempt status

Citing it as a "distraction," NFL Commissioner Roger Goodell said in statement Tuesday that the league is giving up its status as a tax-exempt organization. In a statement sent out to the NFL's 32 team owners and select members of Congress, Goodell outlined the voluntary move, saying it would not make a "material difference to our business." Since 1966, the NFL has been granted tax-exempt 501(c)(6) status even though the 32 teams inside the league are subject to taxes as for-profit businesses. The move, first reported by the Sports Business Journal, would allow the NFL to no longer be forced to disclose compensation figures for its top...

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