3.0.0 1342 2023-01-11T13:37:37Z 2023-01-11T13:37:37Z Senate S 2017-06-12 115 ssfi00 Finance Committee Senate Standing Referred to 2017-06-12T23:26:06Z No Tax Subsidies for Stadiums Act 115 811 HR 2017-02-01 Referred to the House Committee on Ways and Means. Related bill CRS 2017-06-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-06-12 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2017-06-12 True Taxation Income tax exclusion Professional sports Securities Sports and recreation facilities State and local finance Taxation 00 2017-06-12 Introduced in Senate 2017-06-26T18:32:00Z Eliminating Federal Tax Subsidies for Stadiums Act of 2017

This bill amends the Internal Revenue Code, with respect to the tax exemption requirements for state and local bonds, to specify that bonds issued to finance professional sports stadiums meet the private security or payment test. (A state or local bond that satisfies both the private business use test and the private security or payment test is considered a private activity bond that is taxable unless it is used for certain qualified private activities.)

]]> Eliminating Federal Tax Subsidies for Stadiums Act of 2017 Display Title Eliminating Federal Tax Subsidies for Stadiums Act of 2017 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to treat obligations financing professional sports stadiums as private activity bonds if such obligations meet the private business use test. Introduced in Senate IS Short Titles as Introduced Eliminating Federal Tax Subsidies for Stadiums Act of 2017 Introduced in Senate 2017-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1342is/xml/BILLS-115s1342is.xml 2017-06-12 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.