119-hr2231

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Motorsports Fairness and Permanency Act of 2025

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Introduced:
Mar 18, 2025
Policy Area:
Taxation

Bill Statistics

3
Actions
16
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text

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Latest Action

Mar 18, 2025
Referred to the House Committee on Ways and Means.

Actions (3)

Referred to the House Committee on Ways and Means.
Type: IntroReferral | Source: House floor actions | Code: H11100
Mar 18, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Mar 18, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Mar 18, 2025

Subjects (1)

Taxation (Policy Area)

Cosponsors (15 of 16)

Text Versions (1)

Introduced in House

Mar 18, 2025

Full Bill Text

Length: 1,298 characters Version: Introduced in House Version Date: Mar 18, 2025 Last Updated: Nov 15, 2025 2:25 AM
[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.

This Act may be cited as the ``Motorsports Fairness and Permanency
Act of 2025''.
SEC. 2.
MADE PERMANENT.
Section 168 (i) (15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D) .
(i) (15) of the Internal Revenue Code of 1986 is amended
by striking subparagraph
(D) .
<all>