Text: H.R.1974 — 111th Congress (2009-2010)

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Introduced in House (04/02/2009)


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[Congressional Bills 111th Congress]
[From the U.S. Government Printing Office]
[H.R. 1974 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1974

   To amend the Internal Revenue Code of 1986 to make permanent the 
  depreciation classification of motorsports entertainment complexes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 2, 2009

 Mr. Thompson of California (for himself, Mr. Heller, Ms. Berkley, Mr. 
   Davis of Alabama, Mr. Lewis of Georgia, Mr. Meek of Florida, Mr. 
Bachus, Mrs. Bono Mack, Mr. Boucher, Mr. Braley of Iowa, Mr. Burton of 
 Indiana, Mr. Carson of Indiana, Mr. Courtney, Ms. Foxx, Mr. Franks of 
  Arizona, Mrs. Halvorson, Mr. Hastings of Washington, Mr. Hill, Ms. 
 Kosmas, Mr. LoBiondo, Mr. McHenry, Mr. McHugh, Mr. Mica, Mr. Moore of 
Kansas, Mrs. Myrick, Mr. Perriello, Mr. Scott of Georgia, Mr. Sessions, 
Mr. Westmoreland, and Mr. Crowley) introduced the following bill; which 
            was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
  depreciation classification of motorsports entertainment complexes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Motorsports Fairness and Permanency 
Act of 2009''.

SEC. 2. 7-YEAR CLASS LIFE FOR MOTORSPORTS ENTERTAINMENT COMPLEX 
              FACILITIES MADE PERMANENT.

    Section 168(i)(15) of the Internal Revenue Code of 1986 (defining 
motorsports entertainment complex) is amended by striking subparagraph 
(D).
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