A bill to amend the Internal Revenue Code of 1986 to make permanent the classification of a motorsports entertainment complex.
Motorsports Fairness and Permanency Act of 2005 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1656)
Read twice and referred to the Committee on Finance.
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