No Tax Subsidies for Stadiums Act of 2025

Hozzl · 2025-04-04T14:23:17Z

Explore the details of House Bill 2434 No Tax Subsidies for Stadiums Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/4/2025, 2:23 PM

Summary of Bill HR 2434

Bill 119 HR 2434, also known as the "No Tax Subsidies for Stadiums Act," aims to amend the Internal Revenue Code of 1986 to prevent bonds used to finance professional sports stadiums from being considered tax-exempt. This means that the interest earned on these bonds would no longer be exempt from federal income tax.

The bill is designed to address concerns about the use of taxpayer dollars to subsidize the construction of stadiums for professional sports teams. Supporters argue that these subsidies are often unnecessary and benefit wealthy team owners at the expense of taxpayers. By eliminating the tax-exempt status of these bonds, the bill aims to level the playing field and ensure that stadium financing is subject to the same tax rules as other types of investments.

Opponents of the bill argue that it could make it more difficult for cities and states to attract professional sports teams, as team owners may be less willing to invest in new stadiums without the tax benefits currently available. However, supporters maintain that the bill is necessary to prevent the misuse of taxpayer funds and promote fairness in the financing of professional sports facilities. Overall, Bill 119 HR 2434 seeks to address the issue of taxpayer subsidies for professional sports stadiums by removing the tax-exempt status of bonds used to finance these projects. The bill has sparked debate among lawmakers and stakeholders, with both sides presenting compelling arguments for and against its passage.

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Current Status of Bill HR 2434

Bill HR 2434 is currently in the status of Bill Introduced since March 27, 2025. Bill HR 2434 was introduced during Congress 119 and was introduced to the House on March 27, 2025. Bill HR 2434's most recent activity was Referred to the House Committee on Ways and Means. as of March 27, 2025

Bipartisan Support of Bill HR 2434

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Policy Area and Potential Impact of Bill HR 2434

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Alternate Title(s) of Bill HR 2434

To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.

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