The 2,009-page 2016 spending deal has a lot to offer; first it keeps
the government running which is a good thing for everyone inside and
outside the beltway. But the good news is it also offers three much
needed reprieves for the industry.
Employers will get a two year reprieve from this tax which was slated
to become effective in 2018. The 40 percent excise tax on plans
exceeding established individual and family plans will now become
effective in 2020. Read more on the effect of this tax.
Under current law, a property owner may deduct the value of a
conservation easement (a partial interest) that is donated to a
qualified charitable organization exclusively for conservation purposes.
In recent years, this tax incentive has been coupled with more than 50
tax provisions and annually renewed. The good news is that the omnibus
makes this tax incentive permanent in the tax code and golf was not
excluded from this act. (Technically, this was passed as a separate
amendment alongside the omnibus bill but wrapped up in the whole deal.)
Clubs who utilize the H-2B Visa worker program to provide seasonal
staff have a reprieve from substantial changes to the program that were
announced and immediately became effective in April 2015. The amendments to the program were included in the omnibus, and mirror recent measures
in the House and Senate to modify the program including the
reinstatement of the returning worker exemption and the admission of
private wage surveys. The term “seasonal” was clearly delineated as ten
months, a month longer than the previous definition. Read more...