GOP tax bill hits college, pro sports

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Tax bill eliminates deduction for college sports boosters. to be approved by Republican majorities in both the Senate and House. included the new tax, which would hit college athletic.

K Fund donations may no longer be tax deductible with new GOP bill. This will be a major hit to college athletic departments – and financing pro stadiums – if it passes. The news story notes donations to college athletic departments and related booster clubs totaled $1.2 billion in 2015. It will also hit you, the fans, because that tax deduction is a nice little perk.

GOP tax bill would have impact on pro, college sports By BEN NUCKOLS November 7, 2017 Republican members of the House Ways and Means Committee, from left, Rep. Tom Reed, R-NY, Rep. Mike Kelly, R-Pa., Rep. Jim Renacci, R-Ohio, and Rep. Pat Meehan, R-Pa., with Rep. Diane Black, R-Tenn., at top, work on the markup of the GOP’s far-reaching tax.

Most provisions in the House and Senate GOP tax bills would take effect in. A Republican plan to tax private-college endowments could hit the finances of. eliminated and called it a "pro-family measure that is built" into the tax code. Sports Stadiums Would Lose Access to Tax-Exempt Bonds Under House Tax Plan.

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College athletic departments wrestle with impact of tax bill. Photo of. tax code. republicans roared with approval, while Democrats seethed with anger.. The bigger schools are going to get hit by both the excise tax and the seat license.”. Iowa's Epenesa focusing on '19 season, not '20 NFL draft Jun.

GOP bill slashes tax break for NFL, other pro sports stadiums.. "It is clear from the outset that the Republican bill to cut taxes for the wealthy and increase deficits by as much as $1.5.

Gop tax bill hits professional sports stadium bonds. Gop tax bill hits professional sports stadium bonds. skip navigation Sign in. Search. Loading. Close. This video is unavailable.

The tax reform bill introduced by House Republicans on Wednesday does away with tax perks for college athletic departments and the funding of professional sports stadiums. GOP tax bill hits.

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