No Tax Subsidies for Stadiums Act of 2022
This bill denies an exclusion from tax of the interest on professional stadium bonds (i.e., bonds used to finance or refinance capital expenditures for a stadium or arena used for professional sports exhibitions, games, or training).
To amend the Internal Revenue Code of 1986 to ensure that bonds used to 
   finance professional stadiums are not treated as tax-exempt bonds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Tax Subsidies for Stadiums Act of 
2022''.

SEC. 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.
                                 <all>
No Tax Subsidies for Stadiums Act of 2022
To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
No Tax Subsidies for Stadiums Act of 2022
Rep. Blumenauer, Earl