US Congress Senate Bill 1342 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 12 2017 - 25% progression, died in committee
Action: 2017-06-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Eliminating Federal Tax Subsidies for Stadiums Act of 2017 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.)

Eliminating Federal Tax Subsidies for Stadiums Act of 2017

Sen. Cory Booker [D-NJ]

Sen. James Lankford [R-OK]

Date	Chamber	Action
2017-06-12	Senate	Read twice and referred to the Committee on Finance.

HB811 (Related) 2017-02-01 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1342/all-info
Text	https://www.congress.gov/115/bills/s1342/BILLS-115s1342is.pdf