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S 1524 108th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to allow a 7-year applicable recovery period for depreciation of motorsports entertainment complexes.

Introduced: July 31, 2003 See on congress.gov
Taxation CommerceDepreciation and amortizationIncome taxMotor vehicles
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Sports and RecreationSports facilitiesTax deductionsTransportation and Public Works
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2003
Read twice and referred to the Committee on Finance.
Jul 31, 2003
Sponsor introductory remarks on measure. (CR S10648)
Jul 31, 2003
Introduced in Senate
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 Latest action July 31, 2003

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.

 Related & companion bills 1
  • HR 2900 Identical bill To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment comple…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Graham, Lindsey
South Carolina · Mar 22, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1524: A bill to amend the Internal Revenue Code of 1986 to allow a 7-year applicable recovery period for depreciation of motorsports entertainment complexes.. 108th Congress. Open America. https://openamerica.io/bill/108-S-1524/
MLA
"S. 1524: A bill to amend the Internal Revenue Code of 1986 to allow a 7-year applicable recovery period for depreciation of motorsports entertainment complexes.." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1524/.
Bluebook (legal)
S. 1524, 108th Cong. (2026), https://openamerica.io/bill/108-S-1524/.
Markdown link
[S. 1524: A bill to amend the Internal Revenue Code of 1986 to allow a 7-year applicable recovery period for depreciation of motorsports entertainment complexes.](https://openamerica.io/bill/108-S-1524/)
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