2018 on all University sports seat license fees/donations are NO longer a tax deduction.So does this hurt Xavier badly?

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Xavier2005
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2018 on all University sports seat license fees/donations are NO longer a tax deduction.So does this hurt Xavier badly?

Postby Xavier2005 » Thu Jul 12, 2018 9:58 am

Now that those luxury boxes and other seats with major seat license fees are no longer a charitable donation and thus not a federal or state tax deduction...does this hurt Xavier's revenue flow? greatly? or what? For major schools with football and basketball, I would think this will cost Universities etc in a major fashion and costing them tens to hundreds of millions of dollars in lost revenues. I reviewed Cintas seats available for this upcoming basketball season and there are more seats available than usual. That could be due to this tax issue and license fees not tax deductible any more or maybe a new coach change or both. Only time will tell for sure.

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