KAPALUA, Hawaii A 14-line subsection included in an early version of the Senate tax-reform act late last year threatened the PGA Tours tax-exemption status as a 501(c)(3) public charity before being removed at the 11th hour.Tour commissioner Jay Monahan shed some light on how the circuit avoided losing its exempt status, explaining on Sunday at the Sentry Tournament of Champions a focused lobbying effort by the circuit and some high-profile players to have the provision removed.Our tax exemption status was compromised at the end of the year, in an early draft in the Senate bill, Monahan said. When we found out it was in the Senate bill I called Jack [Nicklaus], I thought I was calling his office but it was his cell phone, and he whispered, Hello. I said, I need your help and explained the situation. He said, Im in the middle of a field in upstate New York and if you work with my office well get this thing going.The provision was removed from the final version of the bill. Had the Tour, as well as the PGA of America and LPGA Tour, lost its tax-exempt status it would have dramatically changed the way they do business.
Sentry Tournament of Champions: Articles, photos and videos
Davis Love III also lobbied on the Tours behalf, travelling to Washington, D.C., to meet with members of the Senate Finance Committee just a week after having hip surgery.Its pretty amazing Jack and Davis reaching out like that. They wrote letters and called members of Congress, members of the Senate Finance Committee, Monahan said.When Congress was considering similar legislation in 2015, then-Tour commissioner Tim Finchem argued in a letter to the Senate Finance Committee that a loss of tax-exempt status would require the Tour to significantly modify its structure and would drastically reduce the available tax incentives to attract charitable corporate support.
Storms tore through the southern U.S. on Wednesday, leaving damage in Damage from Wednesday's storms across the South for the Masters golf tournament at Augusta National Golf Club
Storm downs trees, knocks out power in Augusta area | 2020
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Bryson is measuring his brain waves; read about it. Share this post. Bryson is measuring his brain waves; read about it. Source: Golf Channel Published on 2018-09-05
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If your pendulum clock has lost its best beat, you can get it back in time with a bit of beat education and simple tools. Understanding the mechanics of your cherished time piece will help you fix problems that can occur without having to drag the clock to a repair specialist.
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Webb Simpson put further daylight between himself and his rivals at the Players Championship on Saturday by carding a third-round 68 to open up a seven-stroke lead at TPC Sawgrass.
Webb Simpson leads Players Championship by 7 - golfweek.com
Barbasol extends commitment to Barbasol Championship through 2023. 5-year deal and new tournament leadership signals bright future for event. … Read More Tags: Barbasol sponsorship , GGM , Global Golf Management , Keene Trace Golf Club , Kentucky , PGA in Kentucky , PGA TOUR
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The NCAA Division I men's regionals wrapped up Wednesday at six sites around the country. The low five teams and individual in each regional after 54 holes advanced to the May 27-31 NCAA
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MELBOURNE, Victoria, Australia - Today, U.S. Team Captain Tiger Woods announced Fred Couples, Zach Johnson and Steve Stricker as three of his captain's assistants for the 2019 Presidents Cup, which will return to The Royal Melbourne Golf Club in Melbourne, Australia for a third time Dec. 9-15, 20
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