S. 2540
Referred to CommitteeMotorsports Fairness and Permanency Act
Introduced 3/13/2018•115th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
3/13/2018 • Senate
Summary
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.
Introduced in Senate • 3/13/2018
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Topics & Subjects
Policy Area: Taxation
Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (12)
Party Breakdown
6
Democrats
6
Republicans
0
Independents
Sponsor
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Cosponsors (11)
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Bill Journey
Originated in the Senate
Introduced
March 13, 2018
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate3/13/2018