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Shoutout to Trump's Tax Cut and Reforms...
HoustonHusky
Member Posts: 5,978
in Tug Tavern
https://insideusc.blog/2019/02/11/if-its-monday-its-time-for-a-usc-notes-column/
USC is racing to get its $315 million renovation of the Coliseum done by August 1. But a donor told me Sunday night some of fans who purchased for $7.5-to-$10 million suites want to get out of their arrangement because of tax laws.
Instead, USC is offering to extend the time to pay off the suite an additional five years. However, the donor told me the suites are no longer tax deductible because of new tax laws.
“These people found out too late about the tax write off disappearing and want out,” the donor said.
USC is racing to get its $315 million renovation of the Coliseum done by August 1. But a donor told me Sunday night some of fans who purchased for $7.5-to-$10 million suites want to get out of their arrangement because of tax laws.
Instead, USC is offering to extend the time to pay off the suite an additional five years. However, the donor told me the suites are no longer tax deductible because of new tax laws.
“These people found out too late about the tax write off disappearing and want out,” the donor said.
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