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| U.S. Congressional Tipoffs Involving Oklahoma Newsletter for 2023-02-15 ( 1 items ) |
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Lankford Wants to Stop Federal Subsidies to Professional Sports Stadiums (10)
WASHINGTON, Feb. 15 -- Sen. James Lankford, R-Oklahoma, issued the following news release:
Senators James Lankford (R-OK) and Cory Booker (D-NJ) introduced the No Tax Subsidies for Stadiums Act, a bill to end generous federal subsidies for professional sports stadiums. The bill would close a loophole in the tax code that allows professional sports teams to finance new stadiums with municipal bonds that are exempt from federal taxes. Rep. Earl Blumenauer (D-OR) is leading the bill's introduction in the House of Representatives.
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