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Congress·In Committee·S. 1763

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

Motorsports Fairness and Permanency Act of 2025

10 months ago·View on Congress.gov
Part of: Congress Moves to Make Motorsports Tax Breaks Permanent
⏸

Stalled

No legislative action in over 90 days.

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

Legislative Progress

Senate
House
President
Law

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

Milestones

2 milestones2 actions
May 14, 2025Senate

Read twice and referred to the Committee on Finance.

May 14, 2025

Introduced in Senate

Related Bills

1 bill
H.R. 2231Identical bill

Motorsports Fairness and Permanency Act of 2025

Mar 18 — Referred to the House Committee on Ways and Means.

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.

Sponsor

Cosponsors

(14)
D: 8R: 6

Analysis generated by AI. Always verify with official sources.