Saturday, March 11, 2006
NCAA 's Tax Exemption Being Questioned?
Those executives pulling down the big money at NCAA headquarters in Indianapolis might soon be earning their pay. The governing body's tax-exempt status reportedly is being called into question. Former Michigan president James Duderstadt said he was interviewed for an hour by a staff member of a U.S. House of Representatives committee regarding possible misuse of the tax-exempt status of college sports by the NCAA and others. The Chronicle of Higher Education reported that two other "college officials," both anonymous, said they had talked to the committee about the same issue. The House Ways and Means Committee has been looking into all nonprofit organizations on issues such as compensation.
Posted by dawizofodds at 3:34 AM