Tag Archives: Tax Reform

Tax Overhaul Ends Tax Deduction for Hosting Clients at Sporting Events

Tucked into the massive $1.5 trillion tax overhaul that Congress approved last month was the elimination of the 50 percent tax deduction that firms had long been able to take on business-related expenses for “entertainment, amusement, or recreation.”  Read more here.

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Filed under Money & Financials

House Tax Bill Would Eliminate Tax Deduction for Bonding Stadiums

The U.S. House Republican tax bill unveiled last week would eliminate a tax break for a major financing tool for public-private partnerships, one of several bond provisions that would affect projects including professional sports stadiums.  Read more here.

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Filed under Design & Construction, Money & Financials, Stadium Issues