To amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.
Motorsports Fairness and Permanency Act of 2011 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.
Read twice and referred to the Committee on Finance.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 673, and to have the authority to add co-sponsors. Agreed to without objection.
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