No Tax Subsidies for Stadiums Act of 2025 aims to prevent tax-exempt status for bonds financing professional stadiums.
The No Tax Subsidies for Stadiums Act of 2025 amends the Internal Revenue Code to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds. This change applies to bonds issued after the enactment of this Act. The bill defines a "professional stadium bond" as any bond whose proceeds are used to finance or refinance capital expenditures for a facility used as a stadium or arena for professional sports exhibitions, games, or training for at least five days in any calendar year.
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