No Tax Subsidies for Stadiums Act of 2025

This legislation ends the federal tax break for bonds used to build or improve professional sports stadiums and arenas. It says any bond used to finance or refinance a facility that hosts professional games, exhibitions, or training for at least 5 days a year will not be tax-exempt. This change applies only to bonds issued after the law takes effect.

Key points:

• Who is affected: Bonds used for professional sports stadiums and arenas.
• What changes: These bonds can no longer be issued as tax‑exempt, ending a federal tax benefit for such projects.
• When: Applies to bonds issued after the law is enacted.