Pro Sports Leagues Targeted in Tax Reform Movement

Taxing NFL and NHL could add $109 million to federal revenue

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Professional sports leagues like the National Football League and the National Hockey League are getting swept up in the move towards tax reform in Congress.

Two bills introduced in the the House and the Senate would take away the leagues' non-profit tax exempt status. Currently, the team franchises are taxable, but the leagues themselves are not.

As Rep. Jason Chaffetz (R-Utah) said when he introduced the Properly Reducing Overexemptions (PRO) Sports Act, "in reality, the NFL and the NHL are for-profit businesses, and they should be taxed as such.

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