Motorsports Fairness and Permanency Act of 2021
USA117th CongressHR-4674| House
| Updated: 7/22/2021
Mike Thompson
Democratic Representative
California
Cosponsors (8)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Motorsports Fairness and Permanency Act of 2021 This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities
Motorsports Fairness and Permanency Act of 2021
USA117th CongressHR-4674| House
| Updated: 7/22/2021
Motorsports Fairness and Permanency Act of 2021 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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Mike Thompson
Democratic Representative
California
Cosponsors (8)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalIncome tax deductionsMotor vehiclesSports and recreation facilities