119-HR2434
No Tax Subsidies for Stadiums Act of 2025
Last action was on 3-27-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2434
1. Short title2. No tax-exempt bonds for professional stadiums1. Short title
This Act may be cited as the "No Tax Subsidies for Stadiums Act of 2025".
2. No tax-exempt bonds for professional stadiums
(a) In general - Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(4) Professional stadium bond - Any professional stadium bond.
(b) Professional stadium bond defined - Section 103(c) of such Code is amended by adding at the end the following new paragraph:
(3) Professional stadium bond - The term "professional stadium bond" means any bond issued as part of an issue any proceeds of which are used to finance or refinance capital expenditures allocable to a facility (or appurtenant real property) which, during at least 5 days during any calendar year, is used as a stadium or arena for professional sports exhibitions, games, or training.
(c) Effective date - The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.