A bill to amend the Internal Revenue Code of 1986 to correct the treatment of tax-exempt financing of professional sports facilities.
Stop Tax-Exempt Arena Debt Issuance Act - Amends the Internal Revenue Code to treat certain bonds used directly or indirectly for financing professional sports facilities as private activity bonds and not as qualified bonds, except for certain approved projects, facilities with final bond resolutions, and current refundings.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR S2966-2968)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S499-500)
Read twice and referred to the Committee on Finance.
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