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Permanent Tax Relief for Motorsports Entertainment Complexes

This act makes permanent the tax rules for deducting investment costs in motorsports entertainment complexes. This means owners of such facilities will benefit from tax breaks for a longer period, potentially encouraging more investment in the industry. For citizens, this could lead to more sports events and job opportunities in the entertainment sector.
Key points
Establishes a permanent 7-year recovery period for motorsports entertainment complexes.
Potentially supports the growth and development of motorsports infrastructure in the U.S.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_2940
Sponsor: Sen. Stabenow, Debbie [D-MI]
Process start date: 2021-10-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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_S_2940.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-06.

What are the main provisions?

Key points include:

  • Establishes a permanent 7-year recovery period for motorsports entertainment complexes.
  • Potentially supports the growth and development 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 Sen. Stabenow, Debbie [D-MI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy