NFL is Giving Up Its Tax-Exempt Status
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NFL is Giving Up Its Tax-Exempt Status
The National Football League is giving up its tax-exempt status. The NFL, a 501(c)(6), was granted tax-exempt status in 1942. Its tax-exempt status had required the NFL to disclose the salaries of its officials and abide by other rules governing nonprofits. Going forward, the NFL plans to file as a for-profit company despite the additional $10 million in taxes per year that Citizens for Tax Justice expect it will pay as a for-profit entity.
