S 1242
116th Congress
Senate
Taxation
Income tax exclusion
Interest, dividends, interest rates
Professional sports
Securities
Sports and recreation facilities
State 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.
Introduced: April 30, 2019
Introduced by:
Booker, Cory A.
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2019
Read twice and referred to the Committee on Finance.
Apr 30, 2019
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1