To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.

Fact Sheet API

Bill Number

HR 2900

Introduced

Jul 25, 2003

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Commerce Depreciation and amortization Income tax Motor vehicles Sports and Recreation Sports facilities Tax deductions Taxation Transportation and Public Works

Full Text

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Votes

Summary

Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.

Actions

Jul 25, 2003

Referred to the House Committee on Ways and Means.
Jul 25, 2003

Sponsor introductory remarks on measure. (CR E1629)
Jul 25, 2003

Introduced in House

Amendments

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