US SB1242 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 30 2019 - 25% progression, died in committee
Action: 2019-04-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 30 2019 - 25% progression, died in committee
Action: 2019-04-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits a professional stadium bond from being treated as a tax-exempt state or local bond. A "professional stadium bond" is used to finance or refinance a facility or real property used as a stadium or arena for professional sports exhibitions, games, or training.
Title
A bill to amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Sponsors
Sen. Cory Booker [D-NJ] | Sen. James Lankford [R-OK] |
History
Date | Chamber | Action |
---|---|---|
2019-04-30 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2446 (Related) 2019-05-01 - Referred to the House Committee on Ways and Means.
Subjects
Income tax exclusion
Interest, dividends, interest rates
Professional sports
Securities
Sports and recreation facilities
State and local finance
Taxation
Interest, dividends, interest rates
Professional sports
Securities
Sports and recreation facilities
State and local finance
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1242/all-info |
Text | https://www.congress.gov/116/bills/s1242/BILLS-116s1242is.pdf |