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With College Sports going "Pro" is it time to end the Tax exempt status for Programs?

El Paso Eagle

By El Paso Eagle
in Mean Green Football

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El Paso Eagle Grand Master

El Paso Eagle

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College sports are no longer amateur sports, especially football and basketball. This has become a big-time entertainment business with a lot of money being made and spent. I am not a tax expert, but why should college programs continue to receive 501(c)(3) tax-exempt organization status?

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Censored by Laurie Veteran

Censored by Laurie

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Just now, El Paso Eagle said:

That's a whole another thread for another area but there should be changes there also

No doubt…just making sure the parallel is drawn. To be clear, I agree with your original premise. 

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GBarksdale Proficient

GBarksdale

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On 12/5/2023 at 11:17 PM, Travis said:

All pro leagues and teams are 501c3. 

Well, I think they're 501(c)(6), still tax exempt tho.  IIRC, the NFL gave up their tax exempt status about 10 years ago.

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