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H.R. 1549 — Motorsports Fairness and Permanency Act | PoliFocus

H.R. 1549114th Congress

Motorsports Fairness and Permanency Act

To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.

Sponsors

Rep. Reed, Tom [R-NY-23]

37 cosponsors

Subjects

Taxation

Summary

Motorsports Fairness and Permanency Act

Amends the Internal Revenue Code to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.

Full Text

Related Legislation

S. 1624Motorsports Fairness and Permanency Act
2015-06-18Read twice and referred to the Committee on Finance.
Related

Legislative Actions

2015-03-23
Introduced in House
2015-03-23
Introduced in House
2015-03-23
Referred to the House Committee on Ways and Means.

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