Congress·In Committee·H.R. 2231
Motorsports Fairness and Permanency Act of 2025
Tax Depreciation for Motorsports Complexes: Make 7-Year Schedule Permanent
Part of: Congress Moves to Make Motorsports Tax Breaks Permanent
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Stalled
No legislative action in over 90 days.
Legislative Progress
House
Key Points
- Congress would lock in a tax rule that lets motorsports entertainment complexes write off construction costs over 7 years.
- This mainly affects racetracks and related venues, which could lower their taxes in the early years after building or upgrading.
- Supporters say it helps track owners plan long-term and encourages investment in repairs, upgrades, and new projects.
- Because it’s a tax change aimed at one industry, most people won’t see a direct change unless they work for or do business with these venues.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Mar 18, 2025
Referred to the House Committee on Ways and Means.
Mar 18, 2025
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Motorsports Fairness and Permanency Act of 2025
Bill NumberHR 2231
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Data Sources
Sponsor
Cosponsors
(23)D: 5R: 18
Analysis generated by AI. Always verify with official sources.