Bill · H.R. 2434· House(119-HR-2434)
No Tax Subsidies for Stadiums Act of 2025
- Introduced
- 3/27/2025
- Last activity
- 3/27/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Glenn Grothman
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "No Tax Subsidies for Stadiums Act of 2025," aims to change how the Internal Revenue Code of 1986 handles specific bonds. It seeks to amend the code so that bonds used to finance professional stadiums are no longer treated as tax-exempt. A professional stadium bond is defined as one used to finance or refinance capital expenditures for a facility used for professional sports exhibitions, games, or training for at least five days in a year. The changes would apply to any bonds issued after this Act becomes law.
Yes
Does this raise the taxes companies pay?+5
The bill effectively increases the tax burden on professional sports entities by removing the tax-exempt status of stadium financing bonds.
Does this make the government pay for what it commits to?+3
By eliminating tax subsidies for private sports facilities, the bill promotes more efficient use of tax-exempt financing.
The opposite
Would business owners be better off under this?-5
The bill negatively impacts business owners in the professional sports industry by removing tax-exempt financing options.
Who it would affect, and how
Potential Positive Impacts for People
- Elimination of Tax-Exempt Status for Stadiums: By amending Section 103(b) of the Internal Revenue Code, the bill ensures that bonds used for professional stadiums are not treated as tax-exempt, which addresses the financing of professional sports facilities (Section 2(a) and Section 2(b)).
Potential Negative Impacts for People
- Loss of Tax-Exempt Status for Professional Stadium Bonds: Under the new definitions in Section 2(b), any bond used to finance or refinance capital expenditures for a facility used as a professional sports stadium or arena for at least five days a year would no longer qualify for tax-exempt treatment.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Increases Corporate Taxes+5Improves Fiscal Responsibility+3
- Demographic And Interest Groups
- Good For Business Owners-5
- 3/27/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Donald BeyerDemocrat · Virginia