S.1880: Stop Tax-Exempt Arena Debt Issuance Act

About This Bill

Bill Summary

Stop Tax-Exempt Arena Debt Issuance Act - Amends the Internal Revenue Code to treat certain bonds used directly or indirectly for financing professional sports facilities as private activity bonds and not as qualified bonds.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure.
June 14, 1996

Introduced in the Senate by Daniel Patrick Moynihan (D-N.Y.)

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