Bulldogs would no longer be a charity case under new GOP tax plan

Georgia head coach Kirby Smart leads his team to the field for warmups before a NCAA college football game in Athens against Mississippi State. BOB ANDRES /BANDRES@AJC.COM

WASHINGTON — A provision buried deep within the House GOP’s new tax bill could strike fear in the hearts of SEC fans mere days after the Georgia Bulldogs were ranked the No. 1 team in college football.

Our eagle-eyed colleague Jamie Dupree spotted the following provision buried deep within the new Republican tax proposal, dubbed the Tax Cuts and Jobs Act, that would repeal a charitable tax break afforded to people buying season tickets for college sports games:

The change likely won’t be welcome news for fans of the 8-0 Dawgs, even if it will take an act of both chambers of Congress and the stroke of the president’s pen for the provision to become law.

 

Reader Comments 1

20 comments
...Aaliyah.
...Aaliyah.

u͙n͙t͙i͙l͙ i͙ l͙o͙o͙k͙e͙d͙ a͙t͙ t͙h͙e͙ c͙h͙e͙c͙k͙ o͙f͙ $7869 , i͙ a͙c͙c͙e͙p͙t͙ t͙h͙a͙t͙…m͙y͙… b͙r͙o͙t͙h͙e͙r͙ h͙a͙d͙ b͙e͙e͙n͙ t͙r͙u͙l͙e͙y͙ e͙r͙n͙i͙n͙g͙ m͙o͙n͙e͙y͙ i͙n͙ t͙h͙e͙i͙r͙ s͙p͙a͙r͙e͙ t͙i͙m͙e͙ o͙n͙ t͙h͙e͙i͙r͙ l͙a͙p͙t͙o͙p͙. . t͙h͙e͙r͙e͙ f͙r͙i͙e͙n͙d͙ b͙r͙o͙t͙h͙e͙r͙ h͙a͙s͙ d͙o͙n͙e͙ t͙h͙i͙s͙ f͙o͙r͙ u͙n͙d͙e͙r͙ t͙e͙n͙ m͙o͙n͙t͙h͙s͙ a͙n͙d͙ a͙s͙ o͙f͙ n͙o͙w͙ p͙a͙i͙d͙ f͙o͙r͙ t͙h͙e͙ l͙o͙a͙n͙s͙ o͙n͙ t͙h͙e͙r͙e͙ a͙p͙a͙r͙t͙m͙e͙n͙t͙ a͙n͙d͙ b͙o͙u͙r͙t͙ a͙ g͙o͙r͙g͙e͙o͙u͙s͙ o͙p͙e͙l͙ . p͙o͙p͙ o͙v͙e͙r͙ t͙o͙ t͙h͙i͙s͙ w͙e͙b͙-s͙i͙t͙e͙

        ░A░M░A░Z░I░N░G░ ░J░O░B░S░

°°°°°°http://ow.ly/pqaC30fgvnI 

AtlJohnny
AtlJohnny

How much of a deduction does that turn out to be in a given year?

vespajet
vespajet

@Emily..d More like dumbfounded, as you have to be pretty dumb to fall for spam like this....

JeffreyEav
JeffreyEav

They can take my deductions from my cold dead hands.

Retired/Soldier
Retired/Soldier

Good, never should have been a deduction. End all deductions and go to  graduated flat tax and ALL Americans should pay some tax on their income.

RamblinRed
RamblinRed

They never should have been tax deductible in the first place. Athletic Associations are large scale businesses and should be taxed as such.


This change will affect every university that charges for tickets to sporting events. 


About time.


Lexi3
Lexi3

@RamblinRed "This change will affect every university that charges for tickets to sporting events."

*************************

Nope. Only schools that have large fan bases wanting scarce seats. Many colleges don't have large bases of donors, so they raise their ticket prices to compensate.In turn, that makes it more difficult for lower income people to attend, since donors aren't subsidizing the ticket prices.

4williec
4williec

So what...nice try at stirring the pot AJC. 

Cobbian
Cobbian

Why was buying tickets to a college sporting event ever a tax deduction?  Good grief, people.  Sports are not a necessity to education.  It is still possible to have sport programs, they just don't have to be paid for with tax breaks.  Utterly stupid.

Lexi3
Lexi3

@Cobbian The deduction is a deduction of 80% of the contribution for the privilege of buying tickets. The tickets themselves are NOTdeductible. The contribution typically is used to pay for scholarships for athletes, often in non-revenue sports, like virtually all women's sports at virtually all schools.  Hence, a charitable deduction.

Apparently many people don't know that football and men's basketball typically pay for all sports at all schools.

KeepinItSimple
KeepinItSimple

@Cobbian Yep.  AJC on it again with misrepresentation. 


This is not a tax deduction for ticket prices.  This is a deduction on the charitable donation that people have to make to even get on the 'list' to apply for season tickets.  I bet most fans didn't even know that existed.

HenrySG
HenrySG

That would apply to every college team that has a seat license for some or all of their season tickets. It applies to more than one school in Georgia, but I wouldn't expect the AJC to pay attention to any team other than their beloved "dwags".

Babycat
Babycat

That should have never been law.

RickRN69
RickRN69

you must be getting hate mail for writing this



RickRN69
RickRN69

? buy season tickets to college football games and deduct the cost when i do my taxes..this has been legal how long?


Lexi3
Lexi3

@RickRN69

Certainly not since 1986. The deduction is a deduction of 80% of the contribution for the privilege of buying tickets. The tickets themselves are not deductible. The contribution typically is used to pay for scholarships for athletes, often in non-revenue sports, like virtually all women's sports at virtually all schools.

BAW
BAW

This sounds like an accurate statement of the law. Journalists for the most part are financially illiterate so it is no surprise that this writer could be so far off in left field. Hopefully, he wont be the one analyzing and reporting on the rest of the tax reform bill for the AJC.

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