UPDATE: Barely 5 hours after we publish story about the @PGATOUR's tax-exempt status in light of its @livgolf_league partnership, there's already a House bill proposed by @RepGaramendi to strip the tour of its 501-C designation.
Read more:
NEW: @PGATOUR Commish Jay Monahan has called his organization's controversial tax-exempt 501(c)(6) status a "central fabric to who we are."
The tour's for-profit deal w/ @livgolf_league means that "fabric" will now be further stretched–and scrutinized.
sportico.com/leagues/golf/2…
sportico.com
Congress Tees Up New Bill Stripping PGA Tour’s Tax-Exempt Status
In proposing the bill, Rep. John Garamendi called out PGA leadership for their 'hypocrisy' in partnering with the Saudi-backed LIV Golf.
