PRIA Logo™
119-s-1192119th CongressWALLET

No Tax Subsidies for Stadiums Act of 2025

Sponsored By: Senator Lankford, James [R-OK]

Introduced

Summary

Eliminates federal tax-exempt status for bonds used to finance or refinance professional sports stadiums. The bill would add a new "professional stadium bond" category to the tax code and define it so stadium-related debt is treated as taxable when the facility hosts professional sports at least five days in a year.

Show full summary
  • Municipal issuers and local governments: Bonds issued to fund stadium capital costs after enactment would not qualify for tax-exempt interest treatment.
  • Professional teams and stadium owners: Debt used to finance or refinance stadiums or related property that hosts pro games at least five days a year would be classified as taxable.
  • Investors: Interest on these post-enactment stadium bonds would not carry the usual federal tax exemption, removing that tax-preferred yield.
  • Timing and scope: The change applies only to bonds issued after enactment and targets facilities and appurtenant property meeting the five-day use test.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

End tax breaks for stadium bonds

This bill would stop federal tax-free treatment for bonds used to build or refinance professional sports stadiums. It would create a new definition, "professional stadium bond." A bond would qualify if its proceeds pay for a facility (or related land) used for professional sports at least 5 days in any calendar year. If enacted, the change would apply only to bonds issued after the law takes effect. That could raise borrowing costs for issuers and remove tax-advantaged interest for investors.

Sponsors & CoSponsors

Sponsor

Lankford, James [R-OK]

OK • R

Cosponsors

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 3/27/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation