118th Congress · SENATE BILLBILL

S. 2462 — Motorsports Fairness and Permanency Act of 2023

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

Taxation

Introduced Jul 25, 2023

Last action Jul 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 25, 2023

Step 2

Referred

Jul 25, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

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 Senate

Timeline · 2 actions

Jul 25, 2023

Introduced in Senate

Jul 25, 2023

Read twice and referred to the Committee on Finance.