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US SB1192

Bill

Official Source

Status

Introduced

3/27/2025

Primary Sponsor

James Lankford

Click for details

Origin

Senate

119th Congress

AI Summary

  • Amends Internal Revenue Code Section 103(b) to exclude professional stadium bonds from tax-exempt bond status
  • Defines "professional stadium bond" as any bond financing capital expenditures for facilities used at least 5 days per calendar year for professional sports exhibitions, games, or training
  • Coverage extends to stadiums, arenas, and appurtenant real property used by professional sports teams
  • Applies to bonds issued after the date of enactment, leaving existing stadium bonds unaffected
  • Introduced March 27, 2025 by Senators Lankford (R-OK) and Booker (D-NJ) with bipartisan sponsorship

Legislative Description

No Tax Subsidies for Stadiums Act of 2025

Taxation

Last Action

Read twice and referred to the Committee on Finance.

3/27/2025

Committee Referrals

Finance3/27/2025

Full Bill Text

No bill text available