[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 2247 Placed on Calendar Senate (PCS)]






                                                       Calendar No. 454
110th CONGRESS
  1st Session
                                S. 2247

   To amend the Internal Revenue Code of 1986 to make permanent the 
  depreciation classification of motorsports entertainment complexes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 26, 2007

  Mr. Roberts introduced the following bill; which was read the first 
                                  time

                            October 29, 2007

            Read the second time and placed on the calendar

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
  depreciation classification of motorsports entertainment complexes.

    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 Tax Fairness Act''.

SEC. 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).
                                                       Calendar No. 454

110th CONGRESS

  1st Session

                                S. 2247

_______________________________________________________________________

                                 A BILL

   To amend the Internal Revenue Code of 1986 to make permanent the 
  depreciation classification of motorsports entertainment complexes.

_______________________________________________________________________

                            October 29, 2007

            Read the second time and placed on the calendar