S 1141
116th Congress
Senate
Taxation
Business investment and capital
Income tax deductions
Motor vehicles
Sports and recreation facilities
Motorsports Fairness and Permanency Act of 2019
Introduced: April 11, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 11, 2019
Read twice and referred to the Committee on Finance.
Apr 11, 2019
Introduced in Senate
Plain-English summary
Motorsports Fairness and Permanency Act of 2019
This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1