General government: Governmental Bonds (2011-67)
Limiting the tax-exempt status of certain governmental bonds could yield hundreds of millions in additional revenue.
Year Identified: 2011
Area Number: 67
Area Type: Cost Savings & Revenue Enhancement
1 Total Action(s)
Congress should consider whether facilities, including hotels and golf courses, that are privately used should be financed with tax-exempt governmental bonds.
Congress should consider whether facilities, including hotels and golf courses, that are privately used should be financed with tax-exempt governmental bonds.
No legislative action has been enacted as of March 2022. GAO suggested in February 2008 that as Congress considers whether tax-exempt governmental bonds should be used for professional sports stadiums that are generally privately used, it also should consider whether other privately used facilities, including hotels and golf courses, should continue to be financed with such bonds. Reconsidering the tax-exempt status of certain bonds could generate hundreds of millions of dollars in additional federal revenue.
Related Reports & Links
