HR 2900
108th Congress
House
Taxation
Commerce
Depreciation and amortization
Income tax
Motor vehicles
Sports and Recreation
Sports facilities
Tax deductions
Transportation and Public Works
To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.
Introduced: July 25, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2003
Referred to the House Committee on Ways and Means.
Jul 25, 2003
Sponsor introductory remarks on measure. (CR E1629)
Jul 25, 2003
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1