The Sporting Goods Excise Tax Modernization Act has been introduced to close a tax loophole in Section 4162.Section 4162 of the Internal Revenue Code defines sport fishing equipment and outlines the treatment of certain resales.
According to the US Census Bureau’s Monthly Retail Trade Report, sales for sporting goods stores during the month of February reached $3.61 billion, representing a decrease of 10.2 percent compared to the prior year.
Thomas B. Doyle, who made a significant impact in numerous areas with the National Sporting Goods Association during his 39-year career in the industry, passed away on April 22. Doyle was 86.
Don Pfau’s legacy in the sporting goods industry was rooted in his dedication to his lifelong home of Lewistown, Montana. Pfau, the founder of buying group Sports, Inc., and a member of the Sporting Goods Industry Hall of Fame who served on the NSGA Board of Directors, passed away on April 10 at 97.
Businesses could be affected by possible limits or elimination of a tax deduction that has been in place for nearly eight years.
Encouraging growth in youth team sports participation is one of the highlights of the 2025 edition of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report.
The Merchants Payments Coalition (MPC) sent the following correspondence to Congress about credit card swipe fees exceeding inflation.
The National Sporting Goods Association (NSGA) held a legislative fly-in to Capitol Hill for meetings on March 26, 2025.
According to the US Census Bureau’s Monthly Retail Trade Report, sales for sporting goods stores during the month of January reached $3.85 billion, representing a decrease of 0.9 percent compared to the prior year.
Led by Visa and Mastercard once again, credit and debit card “swipe” fees reached another record last year, driving up consumer prices and further showing the need for Congress to pass the Credit Card Competition Act (CCCA), according to the Merchants Payments Coalition.
