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]

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.)

Tracking Information

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Title

No Tax Subsidies for Stadiums Act

Sponsors


History

DateChamberAction
2017-02-01HouseReferred to the House Committee on Ways and Means.
2017-02-01HouseIntroduced in House

Same As/Similar To

SB1342 (Related) 2017-06-12 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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