House tax bill may remove deduction for college season ticket sa - KSLA News 12 Shreveport, Louisiana News Weather & Sports

House tax bill may remove deduction for college season ticket sales

Buying season tickets to big-time college football? You might not be able to write it off any more. (AP Photo/Jonathan Bachman) Buying season tickets to big-time college football? You might not be able to write it off any more. (AP Photo/Jonathan Bachman)
Somewhere in this building the demise of college athletics as you know it is being plotted. Or not. (Source: CNN) Somewhere in this building the demise of college athletics as you know it is being plotted. Or not. (Source: CNN)

(RNN) - If you've been lining the coffers of major colleges and universities just so you have the chance to buy a desirable ticket, you may want to look closely at the new tax bill currently before Congress.

According to a report from ESPN's Darren Rovell, some university administrators are worried they may not get as much money as they would like, thanks to a little-explored provision in that bill.

Currently, major universities with large fan bases and high demand for season tickets - Rovell highlights Duke basketball and LSU football - force season ticket hopefuls to make a sizable donation just to have the rights to buy a ticket.

Eighty percent of the donation is currently tax deductible, but the proposed tax bill before Congress would change that.

That means that either the donations will dry up, the people making the donations will lose a bit of privilege or someone like Alabama football coach Nick Saban will make a few calls and the provision will mysteriously vanish.

Section 1306 of the Tax Cuts and Jobs Act currently before the House of Representatives deals with charitable contributions. Under the heading "Denial of Deduction for College Athletic Event Seating Rights," the bill says "no deduction shall be allowed under this section for any amount."

You can read the bill here. It is also embedded below. The relevant portion is on page 112.

"We need to put speed bumps up now to slow this thing down. This would significantly compromise the opportunities for young people in those sports across the entire student athletics system," said Duke athletic director Kevin White to ESPN.

LSU athletic director Joe Alleva said if even 10 percent of people stop donating, that would amount to a large amount of money. 

"That's at least $5 million to us. We have no other place to make that money up," Alleva said.

Despite the language of the bill, Congress is certain the bill's provision won't do what the athletic directors fear it will do.

Rep. Kevin Brady, R-TX, told Rovell that "no deduction shall be allowed for any amount" under the heading "Denial of Deduction for College Athletic Event Seating Rights" was not what he intended.

"I don't believe the deduction was ever intended to apply to donations related to season tickets," Brady said.

Brady said that if the tax break he thinks won't go away actually does go away, individual states could decide to enact it themselves.

Copyright 2017 Raycom News Network. All rights reserved.

  • Government shutdown endNational politicsMore>>

  • Ivanka Trump: Visit to Olympics 'so incredibly inspiring'

    Ivanka Trump: Visit to Olympics 'so incredibly inspiring'

    Saturday, February 24 2018 10:05 PM EST2018-02-25 03:05:39 GMT
    Sunday, February 25 2018 1:00 PM EST2018-02-25 18:00:22 GMT
    (AP Photo/Christophe Ena). Ivanka Trump waves during the third heat of the four-man bobsled competition final at the 2018 Winter Olympics in Pyeongchang, South Korea, Sunday, Feb. 25, 2018.(AP Photo/Christophe Ena). Ivanka Trump waves during the third heat of the four-man bobsled competition final at the 2018 Winter Olympics in Pyeongchang, South Korea, Sunday, Feb. 25, 2018.
    The U.S. president's daughter and adviser says her visit to the Olympics is "so incredibly inspiring" and is expressing gratitude at the chance to watch competition and "be here with our allies in South Korea.".More >>
    The U.S. president's daughter and adviser says her visit to the Olympics is "so incredibly inspiring" and is expressing gratitude at the chance to watch competition and "be here with our allies in South Korea.".More >>
  • Leading liberal policy group unveils 'coverage for all' plan

    Leading liberal policy group unveils 'coverage for all' plan

    Wednesday, February 21 2018 9:13 PM EST2018-02-22 02:13:55 GMT
    Sunday, February 25 2018 12:59 PM EST2018-02-25 17:59:32 GMT
    New plan from liberal policy group calls for 'Medicare Extra' to guarantee coverage for all, but keeps role for employers and private insurance.More >>
    New plan from liberal policy group calls for 'Medicare Extra' to guarantee coverage for all, but keeps role for employers and private insurance.More >>
  • Congress has ideas on gun violence, but no consensus

    Congress has ideas on gun violence, but no consensus

    Sunday, February 25 2018 7:56 AM EST2018-02-25 12:56:12 GMT
    Sunday, February 25 2018 12:58 PM EST2018-02-25 17:58:54 GMT
    (AP Photo/J. Scott Applewhite, File). In this Feb. 21, 2018, photo, school students from Montgomery County, Md., in suburban Washington, rally in solidarity with those affected by the shooting at Parkland High School in Florida, at the Capitol in Washi...(AP Photo/J. Scott Applewhite, File). In this Feb. 21, 2018, photo, school students from Montgomery County, Md., in suburban Washington, rally in solidarity with those affected by the shooting at Parkland High School in Florida, at the Capitol in Washi...
    Members of Congress are returning to work after a 10-day break, and they're under great pressure to respond to the outcry over gun violence.More >>
    Members of Congress are returning to work after a 10-day break, and they're under great pressure to respond to the outcry over gun violence.More >>
Powered by Frankly