S-2540 : Still Just a Bill

Motorsports Fairness and Permanency Act

This bill amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.

Action Timeline

Action DateTypeTextSource
2018-03-13IntroReferralRead twice and referred to the Committee on Finance.Senate
2018-03-13IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Taxation
See Subjects
  • Business investment and capital
  • Income tax deductions
  • Motor vehicles
  • Sports and recreation facilities

Related Bills

See Related Bills