S 441
109th Congress
Senate
Taxation
Commerce
Depreciation and amortization
Income tax
Motor vehicles
Sports and Recreation
Sports facilities
Tax deductions
Transportation and Public Works
Motorsports Fairness and Permanency Act of 2005
Introduced: February 17, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2005
Read twice and referred to the Committee on Finance.
Feb 17, 2005
Sponsor introductory remarks on measure. (CR S1656)
Feb 17, 2005
Introduced in Senate
Plain-English summary
Motorsports Fairness and Permanency Act of 2005 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1