House Bill 811
115th Congress(2017-2018)
No Tax Subsidies for Stadiums Act
Introduced
Introduced in House on Feb 1, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
811
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.)
February 1, 2017
02/01/2017
Referred to the House Committee on Ways and Means.
02/01/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:01 PM