S. 1192, known as the "No Tax Subsidies for Stadiums Act of 2025," aims to change the tax laws so that bonds used to finance professional sports stadiums cannot be treated as tax-exempt. The bill was introduced by Mr. Lankford and Mr. Booker and has been referred to the...
Simple Explanation
S. 1192 is a rule change that means people can't use special tax-free money (called bonds) to help pay for building big sports places like stadiums.