To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the No Tax Subsidies for Stadiums Act of 2023 and requires no tax-exempt bonds for professional stadiums Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4)Professional stadium bondAny professional. It relies on tax rate changes, definition changes, compliance mandates, and exemptions. The main policy areas are Regulated Industries and Housing.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face reduced risk and Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates short title This Act may be cited as the No Tax Subsidies for Stadiums Act of 2023.
- Requires no tax-exempt bonds for professional stadiums Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4)Professional stadium bondAny professional...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the No Tax Subsidies for Stadiums Act of 2023 and requires no tax-exempt bonds for professional stadiums Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4)Professional stadium bondAny professional.
Key Policy Areas
Regulated Industries, Housing
Primary Purpose
The bill creates short title This Act may be cited as the No Tax Subsidies for Stadiums Act of 2023 and requires no tax-exempt bonds for professional stadiums Section 103(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4)Professional stadium bondAny professional.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Legislative Progress
IntroducedMr. Blumenauer introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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