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S. 1242

BillFederalSenateIn Committee
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.
About This Bill
Committee
Latest Action · April 30, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
April 30, 2019
Cosponsors (1)
0D 1R
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Summary

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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.

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