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To amend the Internal Revenue Code of 1986 to treat obligations financing professional sports stadiums as private activity bonds if such obligations meet the private business use test.

USA115th CongressHR-811| House 
| Updated: 2/1/2017
Steve Russell

Steve Russell

Republican Representative

Oklahoma

Cosponsors (16)
Paul A. Gosar (Republican)Karen C. Handel (Republican)Tim Ryan (Democratic)Mark Meadows (Republican)Steven M. Palazzo (Republican)Carlos Curbelo (Republican)Jim Jordan (Republican)Ro Khanna (Democratic)Ralph Lee Abraham (Republican)Walter B. Jones (Republican)Mike Kelly (Republican)Jamie Raskin (Democratic)Donald S. Beyer (Democratic)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Ralph Norman (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.)
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Timeline
Feb 1, 2017
Introduced in House
Feb 1, 2017
Referred to the House Committee on Ways and Means.
Jun 12, 2017

Latest Companion Bill Action

S 115-1342
Introduced in Senate
  • February 1, 2017
    Introduced in House


  • February 1, 2017
    Referred to the House Committee on Ways and Means.


  • June 12, 2017

    Latest Companion Bill Action

    S 115-1342
    Introduced in Senate

Taxation

Related Bills

  • S 115-1342: A bill to amend the Internal Revenue Code of 1986 to treat obligations financing professional sports stadiums as private activity bonds if such obligations meet the private business use test.
Income tax exclusionProfessional sportsSecuritiesSports and recreation facilitiesState and local finance

To amend the Internal Revenue Code of 1986 to treat obligations financing professional sports stadiums as private activity bonds if such obligations meet the private business use test.

USA115th CongressHR-811| House 
| Updated: 2/1/2017
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.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 1, 2017
Introduced in House
Feb 1, 2017
Referred to the House Committee on Ways and Means.
Jun 12, 2017

Latest Companion Bill Action

S 115-1342
Introduced in Senate
  • February 1, 2017
    Introduced in House


  • February 1, 2017
    Referred to the House Committee on Ways and Means.


  • June 12, 2017

    Latest Companion Bill Action

    S 115-1342
    Introduced in Senate
Steve Russell

Steve Russell

Republican Representative

Oklahoma

Cosponsors (16)
Paul A. Gosar (Republican)Karen C. Handel (Republican)Tim Ryan (Democratic)Mark Meadows (Republican)Steven M. Palazzo (Republican)Carlos Curbelo (Republican)Jim Jordan (Republican)Ro Khanna (Democratic)Ralph Lee Abraham (Republican)Walter B. Jones (Republican)Mike Kelly (Republican)Jamie Raskin (Democratic)Donald S. Beyer (Democratic)Earl Blumenauer (Democratic)Matt Gaetz (Republican)Ralph Norman (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 115-1342: A bill to amend the Internal Revenue Code of 1986 to treat obligations financing professional sports stadiums as private activity bonds if such obligations meet the private business use test.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax exclusionProfessional sportsSecuritiesSports and recreation facilitiesState and local finance