arrow_back Back to App

Permanent Tax Breaks for Motorsports Entertainment Complexes

This act makes permanent the tax deduction rules for motorsports facilities, potentially impacting their financial stability. For citizens, this could mean more stable entertainment options and job opportunities in the motorsports industry, without direct changes to their personal taxes.
Key points
Establishes a permanent 7-year recovery period for investments in motorsports entertainment complexes.
Aims to support the growth and maintenance of motorsports infrastructure in the U.S.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4674
Sponsor: Rep. Thompson, Mike [D-CA-5]
Process start date: 2021-07-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Motorsports Fairness and Permanency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4674.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Establishes a permanent 7-year recovery period for investments in motorsports entertainment complexes.
  • Aims to support the growth and maintenance of motorsports infrastructure in the U.S.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Thompson, Mike [D-CA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy