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    <pre style="white-space:pre-line"><code>B PA A G o ve r n m e n t A ffa i rs â€” 2 0 1 8

Quarter 1 Newsletter

 All states vary in their choices to conform to the federal tax  Bowling Proprietorsâ€™ Association
 code. In the provided example many states choose to                           of America is excited to share
 conform to the federal code regarding individual income, but                  with you the latest news and
 how do other reforms compare during this shake up of the                      BPAA Government Affairs
 federal overhaul? Read more on page 2 and the State Tax         activity for the first quarter of 2018. Most
 &Budget Update on page 7.                                       notably, Congress passed tax reform at the
                                                                 end of 2017, which was just the start of tax
Did you know...                                                  reform for the states. The tax overhaul
                                                                 affected each state differently, so what
 Nine-pins was the most popular form of bowling in much          actions have some state already taken and
 of the United States from colonial times until the 1830s,       what are good reforms for particular states
 when several cities in the United States banned nine-pin        to make? We also share a recent
 bowling out of moral panic over the supposed                    development on federal tip-pooling laws,
 destruction of the work ethic, gambling, and organized          take a deeper dive into the SBA Loan
 crime.                                                          Programs and the results of a survey we
                                                                 took of BPAA Members regarding this small
                                                                 business federal loan program.

                                                                  In this newsletter:

                                                                   Tax Reform Has Only Begun (page 2-4)
                                                                   SBA Loan Programs: Are Bowling Centers
                                                                   Being Treated Unfairly? (page 5)
                                                                   Tip-Pooling Rule Changed with Omnibus
                                                                   (page 6)
                                                                   BPAA Member Survey: SBA Loan Programs
                                                                   (page 7)
                                                                   State Tax Update (page 7)

Bowling Proprietors Association of America | bpaa.com</code></pre>
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