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Finances for Colorado State, CU athletic departments in limbo with U.S. tax overhaul

Bill Schmausser became a Colorado Buffaloes football fan during World War II as a kid watching leather helmet games with his father at Folsom Field. As an adult, Schmausser started purchasing season tickets more than 50 years ago. This past fall you could spot the 81-year-old Denver resident sitting 35 rows up from the 40-yard line in the west stands.

As a loyal Buffs fan, he’s dismayed that tax reform legislation might hurt programs like the one he’s supported nearly all his life. Included in the sweeping legislation passed last month is a provision ending tax deductions for ticket-related donations to universities.