Republican and Democratic tax writers are interested in changing how collegiate and professional athletics are handled in the tax code — but they’re in the early stages of discussing what those changes might look like.
Members of the House Ways and Means Committee during a nearly four-hour hearing Tuesday expressed a desire to come to a consensus on legislation that could address a wide range of sports-related tax issues. They paid special attention to tax incentives for professional teams and the handling of name, image and likeness income for college athletes.
