The No Tax Subsidies for Stadiums Act of 2025 would prohibit states and municipalities from issuing tax-exempt bonds to finance professional sports stadiums and arenas. Currently, these bonds allow investors to avoid federal taxes on interest income, effectively providing a federal subsidy to stadium construction and renovation projects. The bill defines "professional stadium bonds" as those used to finance facilities that host professional sports events for at least five days per year, and the restriction would apply to all bonds issued after the bill becomes law. This change would make it more expensive for cities and teams to build and renovate stadiums, potentially shifting more of the financial burden back to team owners and private investors rather than taxpayers. The legislation was introduced in March 2025 with bipartisan support and was referred to the House Ways and Means Committee.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.