The attached graph provides background on how the U.S. Tax Code Title 26, Section 144 has impacted our industry in 2018.
"Section 144(C)(6)(B) Any portion of the proceeds of the issue is to be used to provide the following: any private or commercial golf course, country club, massage parlor, tennis club, skating facility (including roller skating, skateboard, and ice skating), racquet sports facility (including any handball or racquetball court), hot tub facility, suntan facility, or racetrack."