Josh Sens of Golf.com does a nice job reporting on the potential impact of changes to deductions ushered in with the new tax laws. In a nutshell, the golf industry may take a hit.
Noting the irony of President Donald Trump trumping the on-course relationship-building he has done against Congress' view that deducting business entertainment was a loophole, Sens explains:
To many in the golf world, the new rule is disappointing, but not surprising. Jay Karen, CEO of the National Golf Course Owners Association, was among those who saw it coming. In late November, as the tax bill was taking shape, Karen and representatives from three other golf industry groups penned a letter to Congress, pleading with lawmakers to preserve the 50 percent business-entertainment deduction. Doing away with it, they wrote, would hurt "small business owners of golf courses across the country" while dampening the myriad business dealings that take place "every day of the week across thousands of courses."