Motorsports Fairness and Permanency Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2231 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2231 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 March 18, 2025 Ms. Tenney (for herself, Mr. Thompson of California, Mr. Hudson, Ms. Sewell, Mr. Yakym, and Ms. Wasserman Schultz) 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 of 2025''. SEC. 2. 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES MADE PERMANENT. Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D). <all>