118th Congress · HOUSE BILLBILL

H.R. 2696 — Motorsports Fairness and Permanency Act of 2023

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

Taxation

Introduced Apr 18, 2023

Last action Apr 18, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 18, 2023

Step 2

Referred

Apr 18, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill makes permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 18, 2023

Introduced in House

Apr 18, 2023

Referred to the House Committee on Ways and Means.