H.R.1974 - Motorsports Fairness and Permanency Act of 2009111th Congress (2009-2010)
Text: H.R.1974 — 111th Congress (2009-2010)
There is one version of the bill.
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). <all>