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Ending Tax Breaks for Professional Sports Stadiums

This act aims to stop public funding for the construction or renovation of sports stadiums by eliminating tax exemptions. This means bonds issued for such purposes will no longer be tax-exempt, potentially changing how large sports facilities are financed and possibly reducing the tax burden on citizens.
Key points
Bonds used to finance professional sports stadiums will no longer be tax-exempt.
This change applies to bonds issued after the act becomes law.
It may lead to different financing methods for stadium construction and renovations, without tax-exempt support.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1192
Sponsor: Sen. Lankford, James [R-OK]
Process start date: 2025-03-27
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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_S_1192.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-27.

What are the main provisions?

Key points include:

  • Bonds used to finance professional sports stadiums will no longer be tax-exempt.
  • This change applies to bonds issued after the act becomes law.
  • It may lead to different financing methods for stadium construction and renovations, without tax-exempt support.
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 Sen. Lankford, James [R-OK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Public Investments