No Tax Subsidies for Stadiums Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 22, 2016)
No Tax Subsidies for Stadiums Act
This bill amends the Internal Revenue Code to prohibit the use of tax-exempt state and local financing bonds for a professional entertainment facility. A professional entertainment facility is a facility that is used during any five days in a calendar year as: (1) a stadium or arena for professional sports exhibitions, games, or training; or (2) a venue for any entertainment event which has a live audience exceeding 100 individuals and the net earnings from which benefit an individual or entity other than a governmental entity or a tax-exempt organization.
What just happenedMar 22, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 22, 2016
- Mar 22, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 22, 2016IntroReferralIntro-H
Introduced in House
- Mar 22, 2016IntroReferral1000
Introduced in House