119 HR 2231 IH: Motorsports Fairness and Permanency Act of 2025 U.S. House of Representatives 2025-03-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 2231IN THE HOUSE OF REPRESENTATIVESMarch 18, 2025Ms. Tenney (for herself, Mr. Thompson of California, Mr. Hudson, Ms. Sewell, Mr. Yakym, and Ms. Wasserman Schultz) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.

1.

Short title

This Act may be cited as the Motorsports Fairness and Permanency Act of 2025.

2.

7-year recovery period for motorsports entertainment complexes made permanent

Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).