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Permanent Tax Relief for Motorsports Entertainment Complexes

This act aims to make permanent tax relief for motorsports entertainment complexes. This means that owners of these facilities will be able to deduct investment costs faster, which may encourage the development and modernization of these venues. For citizens, this could mean better facilities for watching races and other events.
Key points
Makes permanent the 7-year recovery period for motorsports entertainment complexes.
Potentially supports the development of motorsports infrastructure in the U.S.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2231
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-03-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Motorsports Fairness and Permanency Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2231.

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 2025-03-18.

What are the main provisions?

Key points include:

  • Makes permanent the 7-year recovery period for motorsports entertainment complexes.
  • Potentially supports the development of motorsports infrastructure in the U.S.
What is the specific legal status?

The current status is Introduced.

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. Tenney, Claudia [R-NY-24].

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 2025-12-22.

CATEGORIES

Taxes Economy