summary
Introduced
03/13/2018
03/13/2018
In Committee
03/13/2018
03/13/2018
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 classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.
AI Summary
This bill makes permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property under the Internal Revenue Code. This provision provides predictability and certainty in the tax law, creating jobs and encouraging investment in the motorsports industry.
Committee Categories
Budget and Finance
Sponsors (12)
Debbie Stabenow (D)*,
Richard Burr (R),
Lindsey Graham (R),
Chuck Grassley (R),
Dean Heller (R),
Doug Jones (D),
Jerry Moran (R),
Bill Nelson (D),
Gary Peters (D),
Jeanne Shaheen (D),
Mark Warner (D),
Roger Wicker (R),
Last Action
Read twice and referred to the Committee on Finance. (on 03/13/2018)
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/senate-bill/2540/all-info |
| BillText | https://www.congress.gov/115/bills/s2540/BILLS-115s2540is.pdf |
| Bill | https://www.congress.gov/115/bills/s2540/BILLS-115s2540is.pdf.pdf |
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