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Senate Bill 1141
116th Congress(2019-2020)
Motorsports Fairness and Permanency Act of 2019
Introduced
Introduced
Introduced in Senate on Apr 11, 2019
Overview
Text
Introduced in Senate 
Apr 11, 2019
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Introduced in Senate(Apr 11, 2019)
Apr 11, 2019
Not Scanned for Linkage
About Linkage
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.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1141 (Introduced-in-Senate)


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.