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HR 2434119th CongressIntroduced
No Tax Subsidies for Stadiums Act of 2025
Introduced: Oct 29, 2025
Economy & Taxes
Standard Summary
Comprehensive overview in 1-2 paragraphs
The No Tax Subsidies for Stadiums Act of 2025 amends the Internal Revenue Code to revoke tax-exempt bond status for professional sports stadiums, eliminating federal tax subsidies for these facilities by reclassifying related bonds as taxable instruments effective for future issuances after enactment.
Key Points
- 1The legislation specifically amends Section 103 of the Internal Revenue Code to exclude professional stadium bonds from tax-exempt treatment under federal law.
- 2It defines 'professional stadium bonds' as those financing facilities used for professional sports events at least five days annually, covering stadiums and arenas.
- 3The bill applies prospectively to bonds issued after enactment, preventing new tax subsidies while grandfathering existing stadium financing arrangements.
Impact Areas
Professional sports franchises and stadium developersState and local governments issuing municipal bondsMunicipal bond investors previously benefiting from tax exemptionsFederal Treasury revenue through eliminated tax expenditures
Generated by legislative-analyst-2025 on Nov 4, 2025