Congress·In Committee·S. 1763
Motorsports Fairness and Permanency Act of 2025
Tax Depreciation for Motorsports Complexes: Make 7-Year Write-Off Permanent
Part of: Congress Moves to Make Motorsports Tax Breaks Permanent
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Stalled
No legislative action in over 90 days.
↔Companion bill: Tax Depreciation for Motorsports Complexes: Make 7-Year Schedule PermanentLegislative Progress
Senate
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.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
May 14, 2025
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.
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 NumberS 1763
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
Data Sources
Sponsor
Cosponsors
(14)D: 8R: 6
Analysis generated by AI. Always verify with official sources.