National Football League says it will give up its tax-exempt status

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By Steve Ginsburg WASHINGTON (Reuters) - The National Football League's front office will voluntarily give up its decades-old tax-exempt status, Commissioner Roger Goodell said on Tuesday. NFL teams pay taxes on their profits but the league's central office has gotten a pass since it is listed a non-profit trade or industry association. Commissioner Roger Goodell, in a memo to the NFL's 32 teams, said the league's tax status has been "mischaracterized repeatedly in recent years" and is a "distraction." "The fact is that the business of the NFL has never been tax exempt," he said. "This will remain the case even when the league office and Management Council file returns as taxable entities, and the change in filing status will make no material difference to our business." Section 501(c)(6) of the Internal Revenue Code lists "professional football leagues" as deserving of tax-exempt status, a vestige of legislative wrangling that helped the NFL and its upstart rival, the American Football League, merge in 1966.

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