HR 4674
117th Congress
House
Taxation
Business investment and capital
Income tax deductions
Motor vehicles
Sports and recreation facilities
Motorsports Fairness and Permanency Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Jul 22, 2021
Introduced in House
Plain-English summary
Motorsports Fairness and Permanency Act of 2021
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1