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HR 2231119th CongressIn Committee
Motorsports Fairness and Permanency Act of 2025
Introduced: Mar 18, 2025
Sponsor: Rep. Tenney, Claudia [R-NY-24] (R-New York)
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill makes permanent the 7-year tax depreciation recovery period for motorsports entertainment complexes.
Key Points
- 1Removes expiration date for 7-year recovery period for motorsports facilities
- 2Applies to motorsports entertainment complexes for tax depreciation purposes
- 3Provides tax policy stability for motorsports industry investments
Impact Areas
Motorsports entertainment industryTax depreciation and capital investmentBusiness tax policy
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