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House Bill 296 Will Revoke the NFL’s Tax-Exempt Status

Posted in Culture2 weeks ago • Written by Defender Of LibertyNo Comments

This past January, Congressman Matt Gaetz introduced House Bill 296 (HB 296) to revoke the tax-exempt status of the National Football League (NFL) and any other professional sports league with annual receipts more than $10,000,000. The legislation is in response to the revelation that the NFL somehow qualifies as a nonprofit organization under section 501(c)(6) of the Internal Revenue Code of 1986. A 501(c)(6) is an entity not organized for profit, and none of its endeavors are designed to generate revenue. 

NFL

     The NFL generated $13.3 billion in revenue last year; an astounding number for an organization that claims it does not exist for profit. The NFL collects billions in revenue while claiming it is a 501(c)(6) entity. To be fair, the NFL cannot keep all of the $13.3 billion because as part of a collective bargaining agreement with the NFL Players’ Association (NFLPA), the league has to distribute $6.4 billion among the approximately 1,800 players. The players who disrespect America by spitting on her flag and the national anthem will receive $3.56 million each to go along with their outrageously high salaries; being oppressed pays well.

     The PRO Sports Act Properly Reducing Overexemptions for Sports amends the Internal Revenue Code to remove professional football leagues from the list of tax-exempt organizations. The legislation amends the Internal Revenue Code as follows:

“No organization or entity shall be treated as tax-exempt if it:

  • Is a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct); and
  • has annual gross receipts in excess of $10 million.”

The bill nullifies tax-exempt status for all professional sports leagues, including the NFL, MLB, and NBA. 

     Although Gaetz introduced HB 296 ten months ago, it hasn’t gained any traction among his peers. The non-profit league offices of the major professional sports have deep, tax-free pockets to lobby members of Congress to stall the bill in committee permanently. It is in the best interest of the leagues and their players to make sure HB 296 never comes to the House floor for a vote. It is up to the American people to motivate members of Congress to vote on HB 296. 

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A frustrated conservative who is very concerned that America has entered its twilight years. Dan has a B.A. in political philosophy and an MBA with a concentration in finance. He has an honorable discharge from the United States Navy after serving for several years after graduating from high school. Please share this with liberals and RINOs because there is nothing better than upsetting them. The U.S. is no longer a constitutional republic, but rather an oligarchy. We live in a post constitutional America where competing tribes sell their votes for the promise of freebies. America is on the cusp of being lost to Marxists and their army of bureaucrats unless the American people move outside of their comfort zone and get involved the same way Marxists have gotten involved by infiltrating the political, educational, and bureaucratic systems.

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