The Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017. The IRS have completed their implementation rules, which will provide specific details for compliance; the new law will have a broad impact on both individuals and the golf business community alike. The next objective is to make them permanent.
Why is this issue important to golf course owners and operators?
For golf businesses, tax reform will provide an opportunity to grow business through new incentives afforded to small businesses, as well as through the increase in disposable income that individual golfers will realize.
What is the NGCOA doing about this issue?
NGCOA supports the new tax relief changes but many in Congress are working to reverse many of the benefits businesses are receiving. We will continue to follow congressional activities targeting your taxes.
How you can get involved
We always encourage members to get to know your state and federal elected representatives. These relationships will enhance your voice when making an “ask” to your representative. Learn more about this issue and discuss it with your peers.