Spencer Fane partner Roger Denny was recently interviewed for an article in Tax Notes Today discussing possible technical errors in the Tax Cuts and Jobs Act which may benefit athletic departments at public universities.
Titled “Will the Nick Saban Tax Apply to Nick Saban?” the article discusses whether the excise tax will be applicable to public universities that benefit from an implied statutory immunity. The article cited Roger’s insights into the organizational status of certain athletic departments and how prior IRS guidance may provide clarity in the absence of technical corrections.
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