Golf

PGA Tour officials owe Jack Nicklaus

When it looked like the PGA Tour might lose its tax-exempt status late last year as part of the Tax Cuts and Jobs Act something that could have impacted the organization enormously and affected the way it does business in raising charitable dollars for local organizations it turned to arguably the greatest golfer ever, among others, to help preserve it.

I know so many senators and congressmen, I said I’d love to go up there and pitch our case,” said Love, who counts former senator Sam Nunn among his neighbors in Sea Island, Ga., and helps host the RSM Classic at Sea Island.

RELATED: PGA Tour officials breathe easier after provision to strip tax-exempt status is removed from Senate bill Had the PGA Tour, along with the PGA of America and LPGA, lost their tax-exempt status, it would have likely required the tour to modify its structure and reduce the available tax incentives to attract charitable corporate support.

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