Wednesday, June 21, 2017

Senate bill would prohibit tax money for sports stadium projects

A recently introduced Senate bill would prohibit the use of taxpayer funds to construct sports stadiums for professional teams.

Senators Cory Booker, D-N.J., and James Lankford, R-Okla., are sponsoring the bill that would stop teams from using municipal bonds on stadium projects. Municipal bond interest is exempt from federal taxes.

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