Senate Bill 1342
115th Congress(2017-2018)
Eliminating Federal Tax Subsidies for Stadiums Act of 2017
Introduced
Introduced in Senate on Jun 12, 2017
Origin Chamber
Senate
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
1342
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 Senate votes have been held for this bill.
Summary
Eliminating Federal Tax Subsidies for Stadiums Act of 2017
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.)
June 12, 2017
06/12/2017
Read twice and referred to the Committee on Finance.
06/12/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:37:37 PM