Section 1 Short title
This Act may be cited as the “Motorsports Fairness and Permanency Act of 2021”.
Motorsports Fairness and Permanency Act of 2021
A BILL
To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.
Sec. 2 7-year recovery period for motorsports entertainment complexes made permanent
Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).