Lets motorsports complex owners permanently use a 7-year tax write-off.
This bill would let owners of motorsports entertainment complexes permanently use a 7-year period to write off the cost of their property for tax purposes. Currently, this tax benefit is temporary. Making it permanent would give these businesses more certainty for their financial planning.
Today, businesses that own motorsports entertainment complexes can write off the cost of their property over a 7-year period for tax purposes, but this rule is temporary. If this bill becomes law, that 7-year tax write-off period would become permanent, meaning it would no longer have an expiration date.
S 1763 · 119th Congress · May 14, 2025 · AI Summary by gemini-2.5-flash · 10/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.