An amendment to the Republican tax bill, which is currently making its way through the U.S. Senate, would eliminate tax breaks for professional sports stadium construction.
Oklahoma Senator James Lankford introduced the amendment, which matches a provision in the House bill.
Roll Call reports that the amendment would make the construction of sports stadiums, such as the new football stadium in Las Vegas, ineligible for tax breaks given to private activity bondholders.
Lankford’s amendment would spell out that professional stadiums cannot be categorized as a public good and therefore the tax break couldn’t apply.
