HILL TAX BRIEFING: PGA Tour Tax Exempt Status Eyed by Lawmakers

The proposed marriage of rival golf leagues, the PGA Tour and Saudi-backed LIV Golf, has prompted some US lawmakers to question sports leagues’ tax-exempt status and to introduce at least one bill that would strip it.

The agreement, which PGA and LIV are not calling a merger, will resolve the ongoing antitrust litigation between the pair. The two leagues would combine their golf-related business and rights into a new commercial entity and join the DP World Tour, the European golf circuit. Read more on the antitrust concerns.

Rep. John Garamendi (D-Calif.) has introduced legislation that would close the tax ...