United States 118th Congress Status: Died 1 D cosponsors

HR 993 — No Tax Subsidies for Stadiums Act of 2023

Last action — Referred to the House Committee on Ways and Means.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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

Bill Text

Sections of law this bill changes

1 section in 1 law

From the bill's own amending language, matched to the official United States Code (current through Public Law 119-124).

Normal taxes and surtaxes · 26 U.S.C. ch. 1 1 section
  • § 103 Interest on State and local bonds Amends

    26 U.S.C. § 103 — at 103(b) and 103(c)

    The law today

    (a) Exclusion Except as provided in subsection (b), gross income does not include interest on any State or local bond. (b) Exceptions Subsection (a) shall not apply to— (1) Private activity bond which is not a qualified bond Any private activity bond which is not a qualified bond (within the meaning of section 141). (2) Arbitrage bond Any arbitrage bond (within the meaning of section 148). (3) Bond not in registered form, etc. Any bond unless such bond meets the applicable requirements of section 149. (c) Definitions For purposes of this section and part IV— (1) State or local bond The term “State or local bond” means an obligation of a State or political subdivision thereof. (2) State The term “State” includes the District of Columbia and any possession of the United States.

    15 other bills also change this section · Follow it → Official text at uscode.house.gov ↗

How this bill changes current law

2 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends the Internal Revenue Code to ensure bonds used to finance professional stadiums are not considered tax-exempt.

  • 26 U.S.C. 103(b)

    (4) Professional stadium bond.--Any professional stadium bond.

    This addition explicitly states that bonds used to finance professional stadiums are not tax-exempt.

  • 26 U.S.C. 103(c)

    (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.

    This definition clarifies what constitutes a 'professional stadium bond'.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Sponsor introductory remarks on measure. (CR E123)

  4. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 993 do?
To amend the Internal Revenue Code of 1986 to ensure that bonds used to finance professional stadiums are not treated as tax-exempt bonds.
Who sponsors HR 993?
HR 993 is sponsored by Blumenauer, Earl (Democratic).
What is the current status of HR 993?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 993?
Track HR 993 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HR 993

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HR 993

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →