[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2540 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2540

 To provide predictability and certainty in the tax law, create jobs, 
                       and encourage investment.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 13, 2018

  Ms. Stabenow (for herself, Mr. Burr, Mrs. Shaheen, Mr. Graham, Mr. 
   Warner, Mr. Grassley, Mr. Peters, Mr. Moran, Mr. Nelson, and Mr. 
    Heller) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To provide predictability and certainty in the tax law, create jobs, 
                       and encourage investment.

    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 CLASS LIFE FOR MOTORSPORTS ENTERTAINMENT COMPLEX 
              FACILITIES 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, 2017.
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