Summary: H.R.4838 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4838. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/22/2016)

No Tax Subsidies for Stadiums Act

This bill amends the Internal Revenue Code to prohibit the use of tax-exempt state and local financing bonds for a professional entertainment facility. A professional entertainment facility is a facility that is used during any five days in a calendar year as: (1) a stadium or arena for professional sports exhibitions, games, or training; or (2) a venue for any entertainment event which has a live audience exceeding 100 individuals and the net earnings from which benefit an individual or entity other than a governmental entity or a tax-exempt organization.