This bill would change the Internal Revenue Code to make permanent the 7-year recovery period for motorsports entertainment complexes. The bill amends section 168(i)(15) by striking subparagraph (D). The text provided does not include further details or explanations.
If you own, operate, or invest in a motorsports entertainment complex, this bill would make the current 7-year tax recovery period permanent. If you are not connected to those facilities, the bill likely would not affect you directly. No publicly available information explains other effects.
No publicly available information on budgetary costs, revenue effects, or federal spending is included in the bill text or metadata provided.
No publicly available information in the bill text or metadata describes supporters' stated reasons or arguments.
No publicly available information in the bill text or metadata describes opponents' stated reasons or arguments.