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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
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
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
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 Plain-English summary Congressional Research Service

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 February 12, 2007

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • S 2247 Related bill Motorsports Tax Fairness Act
  • HR 1304 Identical bill Motorsports Fairness and Permanency Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Mar 31, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 557: Motorsports Fairness and Permanency Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-557/
MLA
"S. 557: Motorsports Fairness and Permanency Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-557/.
Bluebook (legal)
S. 557, 110th Cong. (2026), https://openamerica.io/bill/110-S-557/.
Markdown link
[S. 557: Motorsports Fairness and Permanency Act of 2007](https://openamerica.io/bill/110-S-557/)
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