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House Bill 2091
115th Congress(2017-2018)
Motorsports Fairness and Permanency Act
Introduced
Introduced
Introduced in House on Apr 12, 2017
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Introduced in House 
Apr 12, 2017
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Introduced in House(Apr 12, 2017)
Apr 12, 2017
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
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H. R. 2091 (Introduced-in-House)


115th CONGRESS
1st Session
H. R. 2091


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

IN THE HOUSE OF REPRESENTATIVES

April 12, 2017

Mr. Reed (for himself and Mr. Thompson of California) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

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

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 recovery period for motorsports entertainment complexes 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, 2016.