Senate Bill 2540
115th Congress(2017-2018)
Motorsports Fairness and Permanency Act
Introduced
Introduced in Senate on Mar 13, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2540
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Motorsports Fairness and Permanency Act
This bill amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.
March 13, 2018
03/13/2018
Read twice and referred to the Committee on Finance.
03/13/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:39:59 PM