October 5, 2007
Key Senator to Question Tax Treatment of Booster Clubs
The senior Republican on the Senate Finance Committee plans to expand an investigation into the tax-exempt status of college sports, reopening a debate about whether donors should receive tax deductions for contributing to athletics departments.
Last week an aide to Sen. Charles E. Grassley said the Iowa senator plans to question the Internal Revenue Service about the tax status of booster clubs and athletics programs and "what gives the IRS comfort that they have met the requirements
The Chronicle Review