Loading chat...

US SB1763

Bill

Official Source

Status

Introduced

5/14/2025

Primary Sponsor

Todd Young

Click for details

Origin

Senate

119th Congress

AI Summary

  • Amends Section 168(i)(15) of the Internal Revenue Code of 1986 by striking subparagraph (D), which contained the expiration date for the tax provision
  • Makes permanent the 7-year accelerated depreciation recovery period for motorsports entertainment complexes (racetracks and related facilities)
  • Introduced May 14, 2025 by Senators Young (R-IN) and Warner (D-VA) with bipartisan sponsorship
  • Referred to the Senate Committee on Finance for consideration

Legislative Description

Motorsports Fairness and Permanency Act of 2025

Taxation

Last Action

Read twice and referred to the Committee on Finance.

5/14/2025

Committee Referrals

Finance5/14/2025

Full Bill Text

No bill text available