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No Tax Subsidies for Stadiums Act of 2025
To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Summary
This bill amends the Internal Revenue Code to eliminate the tax-exempt status of bonds used to finance professional sports stadiums and arenas. It defines a professional stadium bond as any bond issued to finance or refinance capital expenditures for a facility used as a stadium or arena for professional sports exhibitions, games, or training for at least five days per calendar year. The amendment applies to bonds issued after the bill's enactment. The effect is to remove the tax subsidy that previously allowed municipalities and other entities to issue tax-exempt bonds to finance professional sports facilities.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Mar 27, 2025 Referred to the House Committee on Ways and Means. · house
- Mar 27, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
March 27, 2025
Mr. Grothman (for himself and Mr. Beyer) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “No Tax Subsidies for Stadiums Act of 2025”.
SEC. 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. <all>
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