Motorsports Fairness and Permanency Act of 2025

Bill: 119-hr-2231
Sponsor: full_name: Rep. Tenney, Claudia [R-NY-24]
Introduced: 2025-03-18
Policy area: Taxation
Latest action: action_date: 2025-03-18
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 2231 IN THE HOUSE OF REPRESENTATIVES March 18, 2025 Ms. Tenney (for herself, Mr. Thompson of California , Mr. Hudson , Ms. Sewell , Mr. Yakym , and Ms. Wasserman Schultz ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.

1. Short title This Act may be cited as the Motorsports Fairness and Permanency Act of 2025 . 2. 7-year recovery period for motorsports entertainment complexes made permanent Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).