CONGRESS FOR VOTERS

RepublicanBill · S. 1192· Senate(119-S-1192)

No Tax Subsidies for Stadiums Act of 2025

Rep. Lankford
Age: 58 years
Oklahoma
Introduced
3/27/2025
Last activity
3/27/2025 — Read twice and referred to the Committee on Finance.
Sponsored by
James Lankford
Cosponsors
Republican - 0Democrat - 1
Taxation
  1. Introduced
  2. 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 certain bonds. It seeks to ensure that bonds used to finance professional stadiums are no longer treated as tax-exempt. Under this proposal, a professional stadium bond is defined as any bond where proceeds are 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 calendar year. These changes would apply to any bonds issued after the Act is enacted.

Yes

  • Does this raise the taxes companies pay?+2

    Eliminating tax-exempt status for stadium bonds effectively increases the tax burden on entities financing these facilities.

  • Does this reduce what the federal government owes?+1

    Ending tax exemptions for stadium bonds may increase federal revenue through higher tax liabilities.

  • Does this make the government pay for what it commits to?+1

    Reducing tax expenditures for specific private-use facilities promotes fiscal responsibility.

The opposite

  • Would business owners be better off under this?-3

    Sports owners and stadium developers will face higher costs due to the loss of tax-exempt bond advantages.

  • Would billionaires be better off under this?-3

    The loss of tax-exempt financing impacts high-net-worth individuals who own professional sports teams.