Sports Get Tax Breaks

Interesting article on WRAL today about big sports and their non-profit status.  See article here.

2010 Levels of Income that was Tax Free:

  • NFL – $1 billion in assets, $183 million in revenue
  • PGA – $14 million in profit
  • NCAA – $40.7 million in net revenue
  • ACC Conference – brought in $167 million, $1 million in net revenue

All of these entities are exempt from Corporate and Property Tax.

Sarah Curry

Sarah Curry is Director of Fiscal Policy Studies at the John Locke Foundation.

Reader Comments