US SB1342 | 2017-2018 | 115th Congress

Status

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]

Summary

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.)

Tracking Information

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Title

Eliminating Federal Tax Subsidies for Stadiums Act of 2017

Sponsors


History

DateChamberAction
2017-06-12SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

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

Subjects


US Congress State Sources


Bill Comments

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