Bill · H.R. 2231· House(119-HR-2231)

Motorsports Fairness and Permanency Act of 2025

Age: 65 years

New York

Introduced: 3/18/2025
Last activity: 3/18/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Claudia Tenney
Cosponsors: - 31 - 13

Taxation

Introduced
In Committee

What this bill would do

This bill is called the Motorsports Fairness and Permanency Act of 2025. It was introduced in the House of Representatives on March 18, 2025. The bill aims to amend the Internal Revenue Code of 1986. Specifically, it makes the 7-year recovery period for motorsports entertainment complexes permanent.

Yes· 3 of 11

Would business owners be better off under this?+5
Directly benefits owners of motorsports entertainment complexes via permanent accelerated depreciation.
Would people with substantial wealth be better off under this?+3
Provides a permanent tax advantage for significant capital investments in specific entertainment real estate.
Would the very wealthiest people be better off under this?+3
Provides a permanent tax advantage for high-value investments in motorsports complexes.

The opposite

Does this raise the taxes companies pay?-2
Making the 7-year recovery period permanent reduces the taxable income of corporations owning these complexes via accelerated depreciation.
Does this reduce what the federal government owes?-1
Accelerated depreciation reduces government tax revenue, potentially increasing the deficit.
Does this make the government pay for what it commits to?-1
Makes a tax expenditure permanent, reducing long-term federal revenue.