A new bill has been introduced in Congress that aims to remove the tax-exempt status of the PGA Tour. This comes shortly after the PGA Tour made headlines with its announcement of a partnership with the for-profit venture, LIV Golf, which is backed by Saudi Arabia.
The bill, called the “No Corporate Tax Exemption for Professional Sports Act,” was proposed by Representative John Garamendi, a Democrat from California and the third-ranking minority member on the House Armed Services Committee.
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If passed, the bill would revoke the PGA Tour's ability to file as an IRS 501-C organization, a status it has held for many years.
It's worth noting that the PGA Tour is one of the few major professional sports organizations in the United States that still operates as a federal nonprofit. The NFL, for instance, voluntarily converted to for-profit status back in 2015.
