In the News
By: Ripon Advance News Service
Jun 21 2018
U.S. Sen. Joni Ernst (R-IA) wants to save American taxpayers roughly $100 million over a decade by excluding major league professional sports leagues from qualifying as tax-exempt organizations.
“Professional sports leagues – which are raking in millions of dollars from television rights and membership dues – shouldn’t also be scoring a hole-in-one with their taxes,” said Sen. Ernst, who on June 19 introduced the bipartisan Properly Reducing Overexemptions for Sports Act, also known as the PRO Sports Act, S. 3086. U.S. Sen. Angus King (I-ME) is the bill’s original cosponsor.
“The PRO Sports Act amends the tax code to revoke this unnecessary exemption,” Sen. Ernst said. “Senator King and I are cutting this wasteful spending and protecting taxpayer dollars.”
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