summary
Introduced
04/12/2017
04/12/2017
In Committee
04/12/2017
04/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Motorsports Fairness and Permanency Act This bill amends the Internal Revenue Code to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
AI Summary
This bill amends the Internal Revenue Code to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes. Specifically, it removes the sunset provision that would have ended this tax treatment, making the seven-year recovery period for motorsports entertainment complexes a permanent feature of the tax code.
Committee Categories
Budget and Finance
Sponsors (24)
Tom Reed (R)*,
Sanford Bishop (D),
Susan Brooks (R),
Matt Cartwright (D),
Chris Collins (R),
Ron DeSantis (R),
Bill Foster (D),
Glenn Grothman (R),
Richard Hudson (R),
John Katko (R),
Adam Kinzinger (R),
David Loebsack (D),
Luke Messer (R),
Grace Napolitano (D),
Bill Posey (R),
Tom Rice (R),
David Roe (R),
Todd Rokita (R),
David Scott (D),
Mike Thompson (D),
Tim Walberg (R),
Jackie Walorski (R),
Debbie Wasserman Schultz (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the House Committee on Ways and Means. (on 04/12/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2091/all-info |
| BillText | https://www.congress.gov/115/bills/hr2091/BILLS-115hr2091ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2091/BILLS-115hr2091ih.pdf.pdf |
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