Motorsports Fairness and Permanency Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 18
- Latest action
- May 14, 2025
What it does
The Motorsports Fairness and Permanency Act of 2025 would amend the Internal Revenue Code to make permanent the 7-year depreciation recovery period for motorsports entertainment complexes, which was previously set to expire. This change affects owners and operators of such facilities by allowing them to continue claiming accelerated tax deductions for capital investments in these properties. The bill achieves this by removing a sunset provision (subparagraph (D)) in Section 168(i)(15) of the tax code that would have ended the special depreciation treatment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.