A bill to provide predictability and certainty in the tax law, create jobs, and encourage investment.
Motorsports Fairness and Permanency Act - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.
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.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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