Motorsports Fairness and Permanency Act of 2025
Sponsor
Full profile: /officials/Y000064
Source: Congress.gov · FEC
Cosponsors (16)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
- Mark R. Warner (D-VA)Original· 2025-05-14
- Ted Budd (R-NC)· 2025-06-27
- Roger F. Wicker (R-MS)· 2025-07-30
- Jeanne Shaheen (D-NH)· 2025-07-31
- Marsha Blackburn (R-TN)· 2025-09-09
- Ashley Moody (R-FL)· 2025-09-10
- Tim Kaine (D-VA)· 2025-09-15
- Margaret Wood Hassan (D-NH)· 2025-11-03
- Thom Tillis (R-NC)· 2025-11-18
- Elissa Slotkin (D-MI)· 2026-01-08
- Kirsten E. Gillibrand (D-NY)· 2026-01-08
- Lisa Blunt Rochester (D-DE)· 2026-01-15
- Lindsey Graham (R-SC)· 2026-02-09
- Gary C. Peters (D-MI)· 2026-02-25
- Katie Boyd Britt (R-AL)· 2026-04-29
- Tommy Tuberville (R-AL)· 2026-04-29
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Previously
- Finance CommitteeReferred To · 2025-05-14
- Senate Committee on FinanceReferred To · 2025-05-14
Plain-English Summary
This bill would make permanent certain tax breaks for the motorsports industry, likely including deductions or credits related to racing events, vehicle modifications, or facility improvements that currently expire or are set to expire. The changes would primarily benefit motorsports businesses, event organizers, and companies involved in racing operations by giving them more stable, long-term tax treatment. The bill is currently under review by the Senate Finance Committee.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1763 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1763 To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 14, 2025 Mr. Young (for himself and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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>
Related legislation
Bills by the same sponsor or covering overlapping subjects.
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