H.R. 2434

Summary

H.R. 2434, the No Tax Subsidies for Stadiums Act of 2025, was introduced in the House on Mar 27, 2025 by Rep. Glenn Grothman (R) with 1 co-sponsor. It was referred to Ways And Means, and last saw action on Mar 27, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 2434 has 1 co-sponsor.

119 HR 2434 IH: No Tax Subsidies for Stadiums Act of 2025
 U.S. House of Representatives
 2025-03-27
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 2434  IN THE HOUSE OF REPRESENTATIVES   March 27, 2025   Mr. Grothman  (for himself and  Mr. Beyer ) introduced the following bill; which was referred to the  Committee on Ways and Means    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.
1.
Short title
This Act may be cited as the   No Tax Subsidies for Stadiums Act of 2025  .
2.
No tax-exempt bonds for professional stadiums
(a)
In general
 Section 103(b)  of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(4)
Professional stadium bond
Any professional stadium bond.
 .
(b)
Professional stadium bond defined
Section 103(c) of such Code is amended by adding at the end the following new paragraph:
(3)
Professional stadium bond
The term  professional stadium bond  means any bond issued as part of an issue any proceeds of which are used to finance or refinance capital expenditures allocable to a facility (or appurtenant real property) which, during at least 5 days during any calendar year, is used as a stadium or arena for professional sports exhibitions, games, or training.
 .
(c)
Effective date
The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.

Sponsors

Rep. Glenn Grothman (R) sponsors H.R. 2434, and 1 member has co-sponsored it from the day it was introduced.

Glenn Grothman

Rep. · R–WI-6 · Sponsor

Introduced Mar 27, 2025

Don Beyer

Rep. · D–VA-8 · Co-sponsor

Joined Mar 27, 2025 · Original

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Committees

H.R. 2434 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Mar 27, 2025 · 1,160 Bills

Actions

H.R. 2434 has taken 2 actions since Mar 27, 2025.

Votes

H.R. 2434 has not gone to a roll call.

Related bills

1 bill is related to H.R. 2434, as Identical bill.

S 1192No Tax Subsidies for Stadiums Act of 2025Mar 27, 2025 · Read twice and referred to the Committee on Finance. · Identical bill

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Titles

H.R. 2434 goes by 3 titles, 1 of them short titles.

• No Tax Subsidies for Stadiums Act of 2025 — Display Title
• No Tax Subsidies for Stadiums Act of 2025 — Short Title(s) as Introduced
• To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 11 registered lobbyists who named H.R. 2434 in 13 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Agriculture, Communications/Broadcasting/Radio/TV, Transportation, Trade (domestic/foreign), Energy/Nuclear, Budget/Appropriations, Copyright/Patent/Trademark.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 2434 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 2434’s is Taxation.

Source: congress.gov · legiscan.com