I 112th CONGRESS 1st Session H. R. 673 IN THE HOUSE OF REPRESENTATIVES February 11, 2011 Mr. Heller (for himself, Mr. Thompson of California, Ms. Berkley, Mr. Jones, Mr. Burton of Indiana, Ms. Wasserman Schultz, Mr. McCotter, Mr. Posey, and Mr. Scott of Virginia) 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 2011.

2.

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

(a)

In general

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

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2011.