118 S2462 IS: Motorsports Fairness and Permanency Act of 2023 U.S. Senate 2023-07-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS1st SessionS. 2462IN THE SENATE OF THE UNITED STATESJuly 25, 2023Mr. Warner (for himself and Mr. Young) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.

1.

Short title

This Act may be cited as the Motorsports Fairness and Permanency Act of 2023.

2.

7-year recovery period for motorsports entertainment complexes made permanent

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