US HB811 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 12-5)
Status: Introduced on February 1 2017 - 25% progression, died in committee
Action: 2017-02-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 1 2017 - 25% progression, died in committee
Action: 2017-02-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.)
Title
No Tax Subsidies for Stadiums Act
Sponsors
Rep. Steve Russell [R-OK] | Rep. Mark Meadows [R-NC] | Rep. Earl Blumenauer [D-OR] | Rep. Tim Ryan [D-OH] |
Rep. Matt Gaetz [R-FL] | Rep. Don Beyer [D-VA] | Rep. Ralph Norman [R-SC] | Rep. Steven Palazzo [R-MS] |
Rep. Ro Khanna [D-CA] | Rep. Jamie Raskin [D-MD] | Rep. Karen Handel [R-GA] | Rep. Walter Jones [R-NC] |
Rep. Ralph Abraham [R-LA] | Rep. Mike Kelly [R-PA] | Rep. Jim Jordan [R-OH] | Rep. Carlos Curbelo [R-FL] |
Rep. Paul Gosar [R-AZ] |
History
Date | Chamber | Action |
---|---|---|
2017-02-01 | House | Referred to the House Committee on Ways and Means. |
2017-02-01 | House | Introduced in House |
Same As/Similar To
SB1342 (Related) 2017-06-12 - Read twice and referred to the Committee on Finance.
Subjects
Income tax exclusion
Professional sports
Securities
Sports and recreation facilities
State and local finance
Taxation
Professional sports
Securities
Sports and recreation facilities
State and local finance
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/811/all-info |
Text | https://www.congress.gov/115/bills/hr811/BILLS-115hr811ih.pdf |