The federal government might have a hand if the future prices of football games season tickets sold by the Ohio State will increase. While the state of Ohio is busy campaigning for the Ohio Tax ID Application, the House Republicans of the United States are also busy passing a new proposal that will result to a tax overhaul. They have specifically pointed out the college donor programs that make it possible to gain season tickets.
If the bill is to become a law, the donations given to the universities will not be considered a deductible by the federal government if chances of buying season tickets are given as an exchange.
It is a common scene in the Ohio State wherein only those who are able to make a minimum donation will be given the chance to purchase tickets. As of the moment, almost all of the donations to the schools are considered to be tax deductible.
As written on the sports website of the school, the general public has two choices for them to be able to get their hands on two season tickets. First, they can be a part of the Buckeye Club which requires a minimum donation of $1,500 yearly. If they want to get priority level in buying tickets for games at home and away, they must donate $3,000. The second option is to donate a minimum of $3,000 to the Presidents Club of the Ohio State which is used to fund the arts, health sciences as well as academics.
There are exceptions to the rule, of course, including currently enrolled students, faculty of the school, the staff, purchasers who have been buying tickets since the 80s.
Aside from the donation amount, the donor must also pay for the ticket price. Next year, the starting price for the tickets is $681 and it changes depending on the game.
The recent tax proposal will eliminate the deduction and one of the authors, Rep. George Holding, believes that if the state is pushing for Ohio Tax ID Application then they must also agree with this proposal as it benefits the economy at the end of the day.