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Makes permanent a 7-year tax recovery (depreciation) period for motorsports entertainment complexes by removing a temporary expiration provision in the Internal Revenue Code. The change is a single-line amendment that deletes the temporary subparagraph, so the 7-year depreciation class no longer sunsets.
Read twice and referred to the Committee on Finance.
Introduced May 14, 2025 by Todd Young · Last progress 9 months ago