GOP tax bill hits college, pro sports

GOP tax bill hits college, pro sports

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.

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.

TUSCALOOSA – If the Republican tax overhaul becomes law, it will alter the financial structure of college sports programs and those who donate. If passed, the new tax bill would repeal that.

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The Republican signed into law a measure that legalizes betting on professional sports and most Division I college sports. the so-called "sin taxes." But supporters argued legalizing sports betting. Gop tax bill hits professional sports stadium bonds The House Republican plan to reform the nation’s tax code contains a provision that would.

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Axed from the tax code are breaks for electric car owners and big-time college. Republican bill. The plan also follows Mr. Coburn’s call to curtail gamblers’ ability to deduct their losses, limits.

The new Republican tax bill. by college athletic departments and cities’ allowance to finance stadiums, which has long been a controversial practice. With the removal of some key tax breaks, both.

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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Brady, in a statement releasing the revised bill, stressed "pro-growth. rank-and-file GOP lawmakers are divided and complaining about its potential blow to homeowners and the loss of a prized.

GOP Tax Bill Would Have Impact On Pro, College Sports November 7, 2017 at 9:16 pm Filed Under: Colleges , gop tax reform bill , sports , Stadium Construction , Stadiums , tax-exempt bonds

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Now that Republicans. the professional level, the bill keeps a provision that allows the use of tax-exempt bonds for stadium projects. It would have been eliminated under the House version. Since.

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