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.
USA116th CongressS-1242| Senate
| Updated: 4/30/2019
Cory A. Booker
Democratic Senator
New Jersey
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Income tax exclusionInterest, dividends, interest ratesProfessional sportsSecuritiesSports and recreation facilitiesState and local finance
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.
USA116th CongressS-1242| Senate
| Updated: 4/30/2019
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Cory A. Booker
Democratic Senator
New Jersey
Cosponsors (1)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income tax exclusionInterest, dividends, interest ratesProfessional sportsSecuritiesSports and recreation facilitiesState and local finance