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H.R. 811

No Tax Subsidies for Stadiums Act

No Tax Subsidies for Stadiums Act

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.)

Referred to the House Committee on Ways and Means.

Rep. Russell, Steve [R-OK-5](R-OK)Sponsor
16 cosponsors5 D11 R
16cosponsors1committees3actions1related bills5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

No Tax Subsidies for Stadiums Act — Informed