HR 811
115th Congress
House
Taxation
Income tax exclusion
Professional sports
Securities
Sports and recreation facilities
State and local finance
No Tax Subsidies for Stadiums Act
Introduced: February 1, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 1, 2017
Referred to the House Committee on Ways and Means.
Feb 1, 2017
Introduced in House
Plain-English summary
No Tax Subsidies for Stadiums Act
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.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1