S 1342 · 115th Congress 2017–2019, ended

Eliminating Federal Tax Subsidies for Stadiums Act of 2017

Introduced Jun 12, 2017 Originated Senate Sponsor Cory A. Booker D-NJ

Fact sheet

Latest action · Jun 12, 2017 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJun 12, 2017
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.)

Cosponsors 1

Members who signed on, in the order they did. All signed on Jun 12, 2017.

SeatCosponsorSigned on
R-OKJames LankfordOriginalJun 12, 2017

Actions 2

Everything that happened, newest first.

  1. Jun 12, 2017Introduced in Senate
  2. Jun 12, 2017Read twice and referred to the Committee on Finance.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 811No Tax Subsidies for Stadiums ActRelated billFeb 1, 2017

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jun 12, 2017Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.