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GOP tax bill hits college, pro sports

 · The Republican tax bill would end tax-deductible “donations” for college sports season ticket holders.. College football fans could take a hit from Republican tax plan

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At the same time, people across the nation bet millions each year illegally on sports games, costing states loads in business and tax revenue. passed the bill. Then-Gov. Chris Christie signed it.

 · FOR INDIVIDUALS. Expand the child tax credit: The Senate GOP bill increases the child tax credit to $1,650 per child, up from $1,000 today, and slightly above the $1,600 proposed in the House bill. Senate GOP tax writers would make the credit available for any children under 18, up from today’s under-17 age limit.

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.

 · The scope of the new law is sweeping. It’s being billed as a $1.5 trillion package, but when you add it all up, the changes in the bill would create more than $5 trillion worth of tax winners and.

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Senate Republicans. who pay tax on them on their personal returns under ordinary income tax rates. The house bill simply dropped the top income tax rate on pass-through income to 25% from 39.6%,

Businesses also take several hits. Owners of limited liability corporations and other small and mid-sized businesses that don’t pay the state corporation tax will pay. t materialize? The GOP leader.

House Republicans say their tax plan would save the average family of four $1,182 per year. The bill. hit for grad students, with ripple effects that would hurt the entire Richmond community.” The.

 · New tax bill will impact the sports world starting with millions in costs for colleges. The tax bill that has passed the House and Senate will have wide-ranging impact on the college sports world if, as expected, President Trump signs it into law. Major-college athletics programs are facing significant increases in the cost.

We asked her why she’s running for the Republican nomination for Illinois. QUESTION: Even after raising the personal state income tax rate to 4.95 percent, Illinois has $9 billion in unpaid bills.