GOP tax bill hits college, pro sports

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The GOP tax reform bill released last week would bar state and local governments from issuing tax-exempt bonds for stadium construction, a common feature of stadium deals over the past two decades.

Season tickets might lack the tax deduction that is generally attached to them. The new Republican tax bill has taken aim at a major perk for season ticket holders in basketball and football. In the bill introduced Thursday, the donation that is made to obtain the tickets will lose its tax deductibility.

The House Republican plan to reform the nation’s tax code contains a provision that would eliminate tax-exempt bonds for professional sports stadiums. gop tax bill hits professional sports stadium.

The GOP’s Tax Reform Bill Takes Aim at College Sports Fans The Republican tax plan calls for eliminating a provision enabling fans to write off donations for season tickets to college sporting events.

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Not the two bills mandating regionalization (sponsored by Senate President Pro Tempore Martin M. Looney, D-New Haven, and by Senate Majority Leader Bob Duff, D-Norwalk, and Sen. Cathy Osten, D-Sprague.

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.

Republicans and Democrats worked for hours to reach a compromise on the bill, which included an expansion of tax credits for donations to pregnancy resource centers, and waters down other provisions..

A tax reform bill that will likely soon be signed into law will have a huge effect on the world of college sports and the fans who donate to them. The proposed changes to the tax code include the elimination of a tax break that benefits major athletic programs. Currently, donations made to certain.

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NFL News: GOP tax bill would have impact on pro, college sports provided by, along with more pro football information for your sports gaming and betting needs.

Pro athletes hit by GOP’s tax bill 1:49 PM ET Mon, 18 Dec 2017 CNBC’s Eric Chemi reports that professional athletes could see a financial hit if Congress passes the GOP tax overhaul bill.