The Joint Committee on Taxation’s June 2026 report, Present Law Relating to Selected Sports Industry Tax Issues (JCX-19-26), addresses selected federal tax issues in the sports industry, highlighting two main tax-exempt organization concerns that matter for donors, sponsors, universities, and name, image, and likeness (NIL) collectives: whether an NIL collective can qualify as a charitable organization under Sec. 501(c)(3) and when athletics-related revenue creates unrelated business income tax (UBIT) exposure.

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