[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2091 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2091

To amend the Internal Revenue Code of 1986 to make permanent the 7-year 
        recovery period for motorsports entertainment complexes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 12, 2017

 Mr. Reed (for himself and Mr. Thompson of California) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to make permanent the 7-year 
        recovery period for 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 Fairness and Permanency 
Act''.

SEC. 2. 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES 
              MADE PERMANENT.

    (a) In General.--Section 168(i)(15) 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, 2016.
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