[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1141 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1141

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 11, 2019

Ms. Stabenow (for herself and Mr. Burr) 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 of 2019''.

SEC. 2. 7-YEAR APPLICABLE RECOVERY PERIOD 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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