Motorsports Fairness and Permanency Act of 2025

This bill aims to establish a permanent 7-year recovery period for motorsports entertainment complexes under the Internal Revenue Code of 1986. Currently, this accelerated depreciation schedule is temporary, meaning it has an expiration date. The legislation achieves this by striking a specific subparagraph (D) from Section 168(i)(15) of the Code, which presumably contains the sunset provision. By making this recovery period permanent, the bill provides long-term tax certainty for owners and investors in these facilities. This change is intended to encourage continued investment and development within the motorsports industry by offering a consistent and favorable depreciation schedule.