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S 2540 115th Congress Senate Taxation Business investment and capital Income tax deductions Motor vehicles Sports and recreation facilities

Motorsports Fairness and Permanency Act

Introduced: March 13, 2018 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2018
Read twice and referred to the Committee on Finance.
Mar 13, 2018
Introduced in Senate
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 Plain-English summary Congressional Research Service

Motorsports Fairness and Permanency Act

This bill 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 March 13, 2018

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 2091 Related bill Motorsports Fairness and Permanency Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 3 Republican 4
R
Wicker, Roger F.
Mississippi · Apr 17, 2018
 R
Graham, Lindsey
South Carolina · Mar 13, 2018
 R
Grassley, Chuck
Iowa · Mar 13, 2018
 R
Moran, Jerry
Kansas · Mar 13, 2018
 D
Peters, Gary C.
Michigan · Mar 13, 2018
 D
Shaheen, Jeanne
New Hampshire · Mar 13, 2018
 D
Warner, Mark R.
Virginia · Mar 13, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2540: Motorsports Fairness and Permanency Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-2540/
MLA
"S. 2540: Motorsports Fairness and Permanency Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2540/.
Bluebook (legal)
S. 2540, 115th Cong. (2026), https://openamerica.io/bill/115-S-2540/.
Markdown link
[S. 2540: Motorsports Fairness and Permanency Act](https://openamerica.io/bill/115-S-2540/)
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