Wednesday, January 7, 2009

Tax Exempt Bowl Games....

Who Knew?

Yeah, I know it isn't housing, but C'mon do we really need to provide tax exemption for football bowl games?

WSJ story HERE says:

"College bowl games are an estimated $400 million-a-year industry, and more than 20 of the bowl games have tax-exempt status".


"To ensure the bowl games maintain their tax-exempt status, the committees hire state and federal lobbyists. Watts Partners, the Washington, D.C., lobbying firm run by former University of Oklahoma quarterback and Rep. J.C. Watts, has been paid more than $500,000 in consulting fees by the BCS."

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