[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 441 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 441

   To amend the Internal Revenue Code of 1986 to make permanent the 
         classification of a motorsports entertainment complex.


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                   IN THE SENATE OF THE UNITED STATES

                           February 17, 2005

 Mr. Santorum (for himself, Mr. Nelson of Florida, Mr. Kyl, Mr. Allen, 
  Mr. Bunning, Mrs. Dole, and Mr. Chambliss) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
         classification of a motorsports entertainment complex.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Motorsports Fairness and Permanency 
Act of 2005''.

SEC. 2. 7-YEAR CLASS LIFE FOR MOTORSPORTS ENTERTAINMENT COMPLEX 
              FACILITIES MADE PERMANENT.

    Paragraph (15) of section 168(i) of the Internal Revenue Code of 
1986 (relating to motorsports entertainment complex) is amended by 
striking subparagraph (D).
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