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Ending Tax Breaks for Professional Sports Stadiums

This bill aims to stop using taxpayer money to finance the construction or renovation of stadiums for professional sports teams. It means that bonds issued for such purposes will no longer be tax-exempt, which could affect how these facilities are funded and potentially reduce the burden on taxpayers.
Key points
Bonds used to build or renovate professional sports stadiums will no longer be tax-exempt.
This change applies to bonds issued after the law takes effect.
It could mean less taxpayer money is used to support private sports ventures.
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Additional Information
Print number: 117_HR_6806
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2022-02-22