Senator Steps Up Scrutiny of College Sports
April 4, 2007 | Read Time: 1 minute
Sen. Charles E. Grassley, senior Republican on the Senate Finance Committee, is ratcheting up scrutiny of universities and the tax-exempt status of college sports, reports The Chronicle of Higher Education.
Mr. Grassley requested that the Congressional Budget Office review how universities use tax-exempt bonds and examine the tax-exempt status of college sports, the paper reports. The senator’s letter on tax-exempt bonds, obtained by The Chronicle, requests a study akin to one the research group released in December on nonprofit hospitals.
In his request for information on college athletics, Mr. Grassley asked for information on a range of topics, including the charitable status for booster programs.
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