110 HR 1304 IH: Motorsports Fairness and Permanency Act of 2007 U.S. House of Representatives 2007-03-01 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.

I 110th CONGRESS 1st Session H. R. 1304 IN THE HOUSE OF REPRESENTATIVES March 1, 2007 Mr. Thompson of California (for himself, Mr. English of Pennsylvania, Ms. Berkley, Mr. Weller of Illinois, Mr. Meek of Florida, Mr. Cantor, Mr. Lewis of Georgia, and Mr. Herger) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.

1.

Short title

This Act may be cited as the Motorsports Fairness and Permanency Act of 2007.

2.

7-year class life for motorsports entertainment complex facilities made permanent

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