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Senate Bill 2540
115th Congress(2017-2018)
Motorsports Fairness and Permanency Act
Introduced
Introduced
Introduced in Senate on Mar 13, 2018
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Introduced in Senate 
Mar 13, 2018
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Introduced in Senate(Mar 13, 2018)
Mar 13, 2018
Not Scanned for Linkage
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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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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. 2540 (Introduced-in-Senate)


115th CONGRESS
2d Session
S. 2540


To provide predictability and certainty in the tax law, create jobs, and encourage investment.

IN THE SENATE OF THE UNITED STATES

March 13, 2018

Ms. Stabenow (for herself, Mr. Burr, Mrs. Shaheen, Mr. Graham, Mr. Warner, Mr. Grassley, Mr. Peters, Mr. Moran, Mr. Nelson, and Mr. Heller) 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”.

SEC. 2. 7-year class life 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.