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S. 2940 117th Congress Senate

Motorsports Fairness and Permanency Act of 2021

Official title: A bill to amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.

Introduced: October 6, 2021 See on congress.gov
Taxation Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Oct 6, 2021
Introduced in Senate
Oct 6, 2021
Read twice and referred to the Committee on Finance.
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 Latest action October 6, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Motorsports Fairness and Permanency Act of 2021

This bill makes permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.

 Related & companion bills 1
  • HR 4674 Identical bill Motorsports Fairness and Permanency Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2940: Motorsports Fairness and Permanency Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2940/
MLA
"S. 2940: Motorsports Fairness and Permanency Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2940/.
Bluebook (legal)
S. 2940, 117th Cong. (2026), https://openamerica.io/bill/117-S-2940/.
Markdown link
[S. 2940: Motorsports Fairness and Permanency Act of 2021](https://openamerica.io/bill/117-S-2940/)
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