Coaches' Pay Likely To Dodge New Tax Unless Congress Acts

Law360 (January 16, 2019, 8:36 PM EST) -- Action by Congress would be needed to subject public universities and their top sports coaches to a new excise tax on top earners at nonprofits after recent guidance confirmed the tax may not apply to some of those institutions.

Alabama head coach Nick Saban's total pay for 2018 has been reported at more than $8 million. (AP)

While the Internal Revenue Service in recent interim guidance said public universities with determination letters from the agency recognizing their tax-exempt status are subject to the excise tax, the tax will not apply to a government unit such as a state college or university that...

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