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No Tax Subsidies for Professional Sports Stadiums

This act aims to stop public funding for professional sports stadium construction by eliminating tax exemptions. It means local governments can no longer issue tax-exempt bonds for such purposes, potentially changing how new sports facilities are financed. Consequently, taxpayers will no longer indirectly support stadium construction through tax breaks.
Key points
The act eliminates tax-exempt status for bonds used to finance or refinance professional sports stadiums and arenas.
Bonds issued for professional stadium projects will no longer be considered tax-exempt, potentially altering funding sources for such developments.
These changes apply to bonds issued after the act's enactment date, meaning existing projects may not be affected.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2434
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2025-03-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Tax Subsidies for Stadiums Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2434.

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 2025-03-27.

What are the main provisions?

Key points include:

  • The act eliminates tax-exempt status for bonds used to finance or refinance professional sports stadiums and arenas.
  • Bonds issued for professional stadium projects will no longer be considered tax-exempt, potentially altering funding sources for such developments.
  • These changes apply to bonds issued after the act's enactment date, meaning existing projects may not be affected.
What is the specific legal status?

The current status is Introduced.

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. Grothman, Glenn [R-WI-6].

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 2025-12-22.

CATEGORIES

Taxes Public Investments