No Tax Subsidies for Stadiums Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1192 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1192 To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 27, 2025 Mr. Lankford (for himself and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Tax Subsidies for Stadiums Act of 2025''. SEC. 2. NO TAX-EXEMPT BONDS FOR PROFESSIONAL STADIUMS. (a) In General.--Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(4) Professional stadi…