As the “One Big Beautiful Bill” continues its legislative path through Congress, it remains too close to call on how the final legislation will impact the sports industry. On May 22, 2025, the House of Representatives...more
5/27/2025
/ Colleges ,
Educational Institutions ,
Excise Tax ,
Federal Budget ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Sports ,
Tax Deductions ,
Tax Liability ,
Taxation ,
Trump Administration ,
UBIT ,
Universities
On July 23, 2024, the United States Court of Appeals for the District of Columbia Circuit (Court of Appeals) released a decision in Rawat v. Commissioner (available here). The case considers whether the portion of a non-US...more
8/14/2024
/ Appeals ,
Chevron Deference ,
Government Agencies ,
Internal Revenue Code (IRC) ,
IRS ,
Loper Bright Enterprises v Raimondo ,
Regulatory Authority ,
Regulatory Requirements ,
SCOTUS ,
Statutory Authority ,
Statutory Interpretation ,
U.S. Treasury