Senate Bill 392 - No Tax Subsidies for Stadiums Act of 2023

Purpose and Summary

Chamber: Senate

Introduced date: 2023-02-13

Recent Activity

Read twice and referred to the Committee on Finance.

Alternative Names

No Tax Subsidies for Stadiums Act of 2023

No Tax Subsidies for Stadiums Act of 2023

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.

Associated Legislation

No Tax Subsidies for Stadiums Act of 2023

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Sen. Lankford, James [R-OK]

Cosponsors and Supporters

Sen. Booker, Cory A. [D-NJ]

Committees and Subcommittees

Finance Committee

Variations and Revisions

No Tax Subsidies for Stadiums Act of 2023

No Tax Subsidies for Stadiums Act of 2023

12/15/2023, 4:05 PM

No Tax Subsidies for Stadiums Act of 2023

This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for ...

Congress
118

Number
S - 392

Introduced on
2023-02-13

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/13/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

No Tax Subsidies for Stadiums Act of 2023

This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for ...

Alternative Names
Official Title as IntroducedA 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.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/21/2023

No Tax Subsidies for Stadiums Act of 2023

This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for ...


Latest Action2/13/2023
Read twice and referred to the Committee on Finance.