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Ending Federal Tax Subsidies for Professional Sports Stadium Bonds

This bill aims to stop federal tax exemptions for bonds used to finance or refinance professional sports stadiums and arenas. This change means investors will pay taxes on the interest earned from these bonds, likely increasing borrowing costs for local governments and team owners. Consequently, federal taxpayers will no longer indirectly subsidize the construction of facilities for professional sports teams.
Key points
Bonds issued to finance professional stadiums will no longer be treated as tax-exempt under federal law.
This change increases borrowing costs for stadium projects, shifting the financial burden away from federal taxpayers.
The rule applies to facilities used by professional sports teams for at least five days per year.
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Expired
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Additional Information
Print number: 118_HR_993
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2023-02-14
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Tax Subsidies for Stadiums Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_993.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-14.

What are the main provisions?

Key points include:

  • Bonds issued to finance professional stadiums will no longer be treated as tax-exempt under federal law.
  • This change increases borrowing costs for stadium projects, shifting the financial burden away from federal taxpayers.
  • The rule applies to facilities used by professional sports teams for at least five days per year.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Blumenauer, Earl [D-OR-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Public Investments