Bill · S. 1763· Senate(119-S-1763)

Motorsports Fairness and Permanency Act of 2025

Age: 54 years

Indiana

Introduced: 5/14/2025
Last activity: 5/14/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Todd Young
Cosponsors: - 9 - 8

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Motorsports Fairness and Permanency Act of 2025," aims to amend the Internal Revenue Code of 1986. The primary objective is to make the 7-year recovery period for motorsports entertainment complexes permanent. This change would involve striking a specific subparagraph within the existing tax code.

Yes

Would business owners be better off under this?+3
This bill provides long-term tax stability specifically for owners of motorsports entertainment complexes.
Is this likely to create jobs?+2
Providing tax certainty for motorsports complexes can encourage long-term investment and job stability in the sector.
Is this likely to grow the economy?+1
Permanent tax provisions for specific industries provide predictability that can stimulate localized economic growth.