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119-hr-2434119th CongressWALLET

No Tax Subsidies for Stadiums Act of 2025

Sponsored By: Representative Grothman, Glenn [R-WI-6]

Introduced

Summary

This bill would remove tax-exempt treatment for bonds used to finance or refinance professional stadiums. It defines a 'professional stadium bond' as a bond that finances capital expenditures for a facility or related property that is used at least five days in a calendar year for professional sports exhibitions, games, or training.

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  • Municipalities and local governments: Bonds issued to finance stadium capital projects after enactment would no longer qualify for federal tax-exempt treatment.
  • Professional sports teams and stadium developers: Capital projects funded with bonds that meet the bill's definition could not rely on tax-exempt bond financing for bonds issued after enactment.
  • Investors: Purchases of bonds that meet the definition would not receive federal tax-exempt status for bonds issued after enactment.
  • Timing and scope: The change applies only to bonds issued after the date of enactment and has no retroactive effect.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

No tax break for stadium bonds

If enacted, interest on new bonds for pro sports stadiums would be taxable. This would apply only to bonds issued after the bill becomes law; older bonds would not change. A "professional stadium bond" would cover financing for a facility or related property used as a pro stadium or arena at least 5 days a year for games, exhibitions, or training. Investors would pay income tax on the interest, and state or local issuers could face higher borrowing costs.

Sponsors & CoSponsors

Sponsor

Grothman, Glenn [R-WI-6]

WI • R

Cosponsors

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 3/27/2025

Roll Call Votes

No roll call votes available for this bill.

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