House Bill Targets PGA Tour Tax-Exempt Status Over LIV Merger

House Reps. Mike Thompson (D-Calif.) and Vern Buchanan (R-Fla.) are targeting the PGA Tour’s tax-exempt status in a new bill, as the professional golf league moves toward merging with Saudi-backed upstart LIV Golf despite criticism.

“With billions of dollars in annual revenue and record profits streaming in, coupled with their looming partnership with Saudi Arabia’s sovereign wealth fund, why in the world should hardworking American taxpayers subsidize the PGA’s tax-exempt status?” Buchanan said in a statement. “We should be supporting local charities on Main Street, not foreign-backed professional sports organizations that are not dedicated to benefitting the American people.” ...