Motorsports Fairness and Permanency Act of 2007
Latest action · Feb 12, 2007 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 12, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Motorsports Fairness and Permanency Act of 2007 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Feb 12, 2007 to Mar 31, 2008, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Bill Nelson | Original | Feb 12, 2007 |
| D-MI | Debbie Stabenow | Original | Feb 12, 2007 |
| R-NC | Elizabeth Dole | Original | Feb 12, 2007 |
| R-AZ | Jon Kyl | Original | Feb 12, 2007 |
| R-KS | Pat Roberts | Original | Feb 12, 2007 |
| R-IN | Richard G. Lugar | Mar 28, 2007 | |
| R-NH | John E. Sununu | Apr 30, 2007 | |
| R-NC | Richard Burr | May 2, 2007 | |
| R-GA | Saxby Chambliss | May 8, 2007 | |
| R-VA | John Warner | May 17, 2007 | |
| R-AL | Jeff Sessions | May 21, 2007 | |
| R-GA | Johnny Isakson | Jun 18, 2007 | |
| D-IN | Evan Bayh | Jul 25, 2007 | |
| D-VA | Jim Webb | Jul 26, 2007 | |
| R-NV | John Ensign | Oct 1, 2007 |
Actions 3
Everything that happened, newest first.
- Feb 12, 2007Introduced in Senate
- Feb 12, 2007Read twice and referred to the Committee on Finance.
- Feb 12, 2007Sponsor introductory remarks on measure. (CR S1863-1864)
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1304 | Motorsports Fairness and Permanency Act of 2007 | Identical bill | Mar 1, 2007 |
| S 2247 | Motorsports Tax Fairness Act | Related bill | Nov 1, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 12, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
