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Wednesday
Jan102018

Will Tax Bill's Elimination Of Golf Business Expenses Have Impact?

Josh Sens of Golf.com does a nice job reporting on the potential impact of changes to deductions ushered in with the new tax laws. In a nutshell, the golf industry may take a hit.

Noting the irony of President Donald Trump trumping the on-course relationship-building he has done against Congress' view that deducting business entertainment was a loophole, Sens explains:

To many in the golf world, the new rule is disappointing, but not surprising. Jay Karen, CEO of the National Golf Course Owners Association, was among those who saw it coming. In late November, as the tax bill was taking shape, Karen and representatives from three other golf industry groups penned a letter to Congress, pleading with lawmakers to preserve the 50 percent business-entertainment deduction. Doing away with it, they wrote, would hurt "small business owners of golf courses across the country" while dampening the myriad business dealings that take place "every day of the week across thousands of courses."

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Reader Comments (4)

I would say this will impact the PGA Tour much more than a golf course. New code seems to also close loopholes of claiming charity contributions on sport spectating notably NCAA seat licenses.
01.11.2018 | Unregistered CommenterPABoy
Doing away with it, they wrote, would hurt "small business owners of golf courses across the country"

This will not hurt the "small business owners of golf courses".
This is most likely to impact resorts and upscale public courses owned by national operations or large investors.

The mom & pop courses are not where the business entertainment golf money is being spent.

BillS
01.11.2018 | Unregistered CommenterBill Shamleffer
Thanks, Bill. I thought I'd have to change my potential client strategy because a dog at the halfway house wouldn't close the deal.
01.11.2018 | Unregistered CommenterD. maculata
Wouldn’t the lower tax rate built into the bill more than make up for the half deduction?
01.11.2018 | Unregistered CommenterJS

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