Motorsports Fairness and Permanency Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1763 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1763 To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 14, 2025 Mr. Young (for himself and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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>…