Official text as published. Use Ctrl+F / Cmd+F to search within the document.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2231 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 2231
To amend the Internal Revenue Code of 1986 to make permanent the 7-year
recovery period for motorsports entertainment complexes.
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Motorsports Fairness and Permanency
Act of 2025''.
SEC. 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).
<all>