US SB1242 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on April 30 2019 - 25% progression
Action: 2019-04-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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. This bill 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.

Tracking Information

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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


History

DateChamberAction
2019-04-30SenateRead 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


US Congress State Sources


Bill Comments

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