S 2462
Motorsports Fairness and Permanency Act of 2023
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to make a tax benefit permanent for businesses that build and operate motorsports entertainment complexes. Currently, these complexes can be depreciated over seven years, but this provision would ensure this accelerated depreciation schedule remains in place. The bill specifically modifies the Internal Revenue Code to permanently extend this favorable tax treatment. This change is intended to support the motorsports industry and encourage investment in these types of facilities.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.