A bill to provide predictability and certainty in the tax law, create jobs, and encourage investment.
Motorsports Fairness and Permanency Act of 2019
This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
Referred to the House Committee on Ways and Means.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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