S 557
110th 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 2007
Introduced: February 12, 2007
Introduced by:
Schumer, Charles E.
Democratic
· New York
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 12, 2007
Read twice and referred to the Committee on Finance.
Feb 12, 2007
Sponsor introductory remarks on measure. (CR S1863-1864)
Feb 12, 2007
Introduced in Senate
Plain-English summary
Motorsports Fairness and Permanency Act of 2007 - 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
Cosponsors
1