WASHINGTON (PRWEB) March 06, 2018
The LEAD1 Association, which represents the athletic directors of the 130-member schools of the Football Bowl Subdivision (FBS), hosted a teleconference on Monday, February 26 highlighting the impact of the new tax reform legislation on college athletics.
The teleconference presenters included Erika Mayshar, Partner, McDermott Will & Emery LLP; Amanda H. Nussbaum, Partner, Proskauer Rose LLP; and Scott Donaldson, Partner and Director of Exempt Organization Tax Services, Ernst & Young LLP.
The presenters discussed the excise tax on excess tax-exempt organization executive compensation, the repeal of deduction for amounts paid for college athletic event seating rights, the unrelated business income tax (UBTI) changes and other areas of interest, including provisions affecting individual incentives to charitable gifts, entertainment expenses, and fringe expenses.
“With the passing of the tax reform bill in 2017, there has been a very strong interest among our members to understand the ramifications of the new legislation,” said Tom McMillen, President and CEO of the LEAD1 Association. “This teleconference was an opportunity to help inform our members of these tax changes.”
Audio from the teleconference may be accessed via FreeConferenceCall or Dropbox:
About the LEAD1 Association: LEAD1 is an association of the athletics directors of the 130 universities that compose the NCAA Division I Football Bowl Subdivision (FBS). The primary role of the LEAD1 Association is to support the athletic directors, the sports programs, and the personal development of student-athletes. LEAD1 supports the athletic directors of America’s leading intercollegiate programs in preparing today’s students to be tomorrow’s leaders. The Association seeks to accomplish its mission by focusing on shaping the rules of college sports, advocating for our future, and providing services to our members. For more information, please visit our website at http://www.LEAD1Association.com.