Congress·In Committee·S. 1763

Motorsports Fairness and Permanency Act of 2025

Tax Depreciation for Motorsports Complexes: Make 7-Year Write-Off Permanent

May 14, 2025·View on Congress.gov·Read full text

Part of: Congress Moves to Make Motorsports Tax Breaks Permanent

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A senate committeeNo action in 14 months

A senate committee must act next: committee consideration.

Companion bill: Tax Depreciation for Motorsports Complexes: Make 7-Year Schedule Permanent →

Legislative Progress

Senate

No action since May 2025

House

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 2696 (118th), which died when its Congress ended.
H.R. 2696 (118th) →

Key Points

Congress would permanently keep a faster 7-year tax write-off schedule for motorsports entertainment complexes.
This mainly affects owners and developers of racetracks and related entertainment facilities by letting them deduct construction costs sooner.
A faster write-off can lower taxes in the early years of a project, which may encourage new builds or upgrades at these venues.
Most people would not see a direct change in their personal taxes, but communities near these complexes could see more local construction and jobs if more projects move forward.

TaxesSmall BusinessEconomy

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 14, 2025Senate

Read twice and referred to the Committee on Finance.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

May 14, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Motorsports Fairness and Permanency Act of 2025

Bill NumberS 1763

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Finance.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(17)

D: 8R: 9

Analysis generated by AI. Always verify with official sources.