United States · Bill · S
S. 1242 (116th)
A bill to amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Introduced
30 April 2019
Last action
30 April 2019 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Booker, Cory A. [D-NJ], Sen. Lankford, James [R-OK]
Subjects
Taxation
Source updated
6 December 2025
Summary
This bill prohibits a professional stadium bond from being treated as a tax-exempt state or local bond. A "professional stadium bond" is used to finance or refinance a facility or real property used as a stadium or arena for professional sports exhibitions, games, or training.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
30 April 2019
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
30 April 2019
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 30 April 2019 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 30 April 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 April 2019
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Introduced in Senate
summary · EN · 30 April 2019
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Booker, Cory A. [D-NJ] · D · Sponsor
- Sen. Lankford, James [R-OK] · R · Sponsor
- · ssfi00 · Standing
Related records
- related to ← No Tax Subsidies for Stadiums Act of 2019
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/1242
- Open data entity: https://api.congress.gov/v3/bill/116/s/1242
- us · 116-s-1242 · source updated 6 December 2025