Read more @: N.J. senator Cory Booker aims to strip pro leagues of tax-exempt statusSen. Cory Booker (D-N.J.) has introduced legislation to strip several professional sports leagues, including the NFL, of their tax-exempt status.The bill, which is called the Securing Assistance for Victim Empowerment (SAVE) Act, seeks to raise $100 million over 10 years for domestic violence assistance programs.
The NFL's handling of domestic violence has come under intense scrutiny in light of multiple high-profile cases involving players, including Ray Rice, Ray McDonaldand Greg Hardy.
The NFL gained tax-exempt status as a nonprofit in 1944. A designation in the tax code -- 501(c)(6) -- enables the league to function like a trade organization. The league office is not required to pay taxes but individual teams are.
I always thought it was ridiculous that the NFL had tax exempt status. This is a bill I can stand behind. They should have to pay taxes just like the teams.