Democrats Reintroduce Bill to Eliminate New Sports Stadiums’ Tax Subsidies

Home Democrats on Tuesday reintroduced a invoice that may stop newly constructed sports activities stadiums from accumulating a important tax break.

The No Tax Subsidies for Stadiums Act will try to reside as much as its title if handed by Congress. The invoice was authored by Representatives Earl Blumenauer, Don Beyer and Jackie Speier, the latter a member of the Home Committee on Oversight and Reform.

“There is no such thing as a justification for these multibillion-dollar franchises to be eligible for tax-exempt municipal bonds,” Speier instructed the Washington Put up.

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