GOP tax bill hits college, pro sports

College sports organisations in the US may soon be forced to change their ticketing policies if a federal tax reform bill is passed. The legislation, which was approved in the Senate yesterday (Wednesday), and in the House later the same day, would remove boosters’ ability to take a tax deduction on the.

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Paul Ryan on GOP tax bill: "This plan is for the middle-class families in this country who deserve a break." pic.twitter.com/T8RzRF8cKq. The bill would keep the mortgage-interest deduction but only for newly-purchased homes up to $500,000 in value. That is a departure from the current cap of $1.

The Republican effort to overhaul the tax code. income or married couples earning less than $160,000. The Senate bill would keep this deduction. Tax on the largest private college endowments. Both.

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. It’s one of a few reforms in the bill that would affect the world of sports.

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

In the tax framework the GOP released in September, there was a passage that read, "The framework retains tax benefits that encourage work, higher However, few of the headlines have mentioned the many changes the bill makes to education tax benefits. With that in mind, here’s a rundown of seven.

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 house speaker paul ryan outlined Thursday the savings Americans are projected to receive if the GOP tax plan becomes law.

Evening top 5: Full recount to take place in Ireland South; three women die following Limerick crash | Newstalk Democrats vowed Monday to move forward with finding funding for an overhaul to make Maryland schools "world class," rejecting Gov. Larry Hogan’s remarks to county officials that raised the specter of massive tax increases to pay for the plan’s goals.

The new Republican tax bill has taken aim at a major perk for season ticket holders in basketball and football. With the removal of some key tax breaks, both of these things would end up taking a hit. As for professional stadiums, the bill would make interest on bonds given to stadiums taxable.

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