Bill > HR2231

This bill seeks to make permanent the 7-year recovery period for motorsports entertainment complexes within the Internal Revenue Code of 1986. Specifically, the legislation amends Section 168(i)(15) by removing subparagraph (D), which likely contained a sunset or expiration provision for the tax treatment of motorsports facilities. In practical terms, this means that motorsports entertainment complex owners can continue to depreciate their facilities over a 7-year period for tax purposes, providing a stable and predictable tax framework for this industry. By making this provision permanent, the bill eliminates uncertainty about the future tax status of these complexes and provides long-term financial predictability for motorsports venue owners and investors. The bill's short title, the "Motorsports Fairness and Permanency Act of 2025," reflects its intent to create lasting tax policy for motorsports entertainment facilities.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2231/all-info