Legis Daily

Motorsports Fairness and Permanency Act of 2019

USA116th CongressS-1141| Senate 
| Updated: 4/11/2019
Debbie Stabenow

Debbie Stabenow

Democratic Senator

Michigan

Cosponsors (10)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Jerry Moran (Republican)Mark R. Warner (Democratic)Lindsey Graham (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)Doug Jones (Democratic)Gary C. Peters (Democratic)Richard Burr (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Motorsports Fairness and Permanency Act of 2019 This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 8, 2019

Latest Companion Bill Action

HR 116-2137
Introduced in House
Apr 11, 2019
Introduced in Senate
Apr 11, 2019
Read twice and referred to the Committee on Finance.
  • April 8, 2019

    Latest Companion Bill Action

    HR 116-2137
    Introduced in House
  • April 11, 2019
    Introduced in Senate
  • April 11, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-2137: Motorsports Fairness and Permanency Act of 2019
  • S 116-617: Tax Extender and Disaster Relief Act of 2019
Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities

Motorsports Fairness and Permanency Act of 2019

USA116th CongressS-1141| Senate 
| Updated: 4/11/2019
Motorsports Fairness and Permanency Act of 2019 This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 8, 2019

Latest Companion Bill Action

HR 116-2137
Introduced in House
Apr 11, 2019
Introduced in Senate
Apr 11, 2019
Read twice and referred to the Committee on Finance.
  • April 8, 2019

    Latest Companion Bill Action

    HR 116-2137
    Introduced in House
  • April 11, 2019
    Introduced in Senate
  • April 11, 2019
    Read twice and referred to the Committee on Finance.
Debbie Stabenow

Debbie Stabenow

Democratic Senator

Michigan

Cosponsors (10)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Jerry Moran (Republican)Mark R. Warner (Democratic)Lindsey Graham (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)Doug Jones (Democratic)Gary C. Peters (Democratic)Richard Burr (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-2137: Motorsports Fairness and Permanency Act of 2019
  • S 116-617: Tax Extender and Disaster Relief Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities