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S 1192119th CongressIntroduced
No Tax Subsidies for Stadiums Act of 2025
Introduced: Oct 29, 2025
Economy & Taxes
Standard Summary
Comprehensive overview in 1-2 paragraphs
This legislation amends the Internal Revenue Code to eliminate tax-exempt bond status for bonds financing professional sports stadiums, prohibiting federal tax subsidies for such projects starting after enactment. It specifically targets facilities used for professional sports events at least five days annually, affecting how governments fund stadium construction and renovations through municipal bonds.
Key Points
- 1The bill modifies Section 103(b) of the Internal Revenue Code to explicitly exclude professional stadium bonds from tax-exempt status classification.
- 2It defines professional stadium bonds as those funding facilities hosting professional sports exhibitions, games, or training for at least five days per calendar year.
- 3The prohibition applies prospectively to bonds issued after the bill's enactment date, preventing future tax subsidies while grandfathering existing stadium financing.
Impact Areas
Professional sports franchises and league ownersState and local government entities issuing municipal bondsTaxpayers funding indirect subsidies through lost tax revenueMunicipal bond investors seeking tax-exempt investments
Generated by legislative-analyst-pro on Nov 1, 2025