Motorsports Fairness and Permanency Act of 2023
Latest action · Apr 18, 2023 Referred to the House Committee on Ways and Means.
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.
- IntroducedApr 18, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Motorsports Fairness and Permanency Act of 2023
This bill makes permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Apr 18, 2023 to May 15, 2024; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | A. Drew Ferguson IV | Original | Apr 18, 2023 |
| R-FL | Bill Posey | Original | Apr 18, 2023 |
| D-FL | Debbie Wasserman Schultz | Original | Apr 18, 2023 |
| D-CA | Mike Thompson | Original | Apr 18, 2023 |
| R-IN | Rudy Yakym III | Original | Apr 18, 2023 |
| D-AL | Terri A. Sewell | Original | Apr 18, 2023 |
| R-NC | Richard Hudson | Apr 25, 2023 | |
| D-IN | André Carson | May 2, 2023 | |
| D-GA | Sanford D. Bishop, Jr. | Nov 29, 2023 | |
| R-CA | David G. Valadao | Dec 12, 2023 | |
| D-NV | Dina Titus | Dec 12, 2023 | |
| R-CA | Doug LaMalfa | Dec 12, 2023 | |
| D-CA | Jimmy Panetta | Dec 12, 2023 | |
| R-FL | Mario Diaz-Balart | Dec 12, 2023 | |
| R-AL | Mike Rogers | Dec 12, 2023 | |
| R-VA | Robert J. Wittman | Dec 12, 2023 | |
| D-CA | Jimmy Gomez | May 8, 2024 | |
| R-IN | Larry Bucshon | May 15, 2024 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 18, 2023 |
Actions 2
Everything that happened, newest first.
- Apr 18, 2023Introduced in House
- Apr 18, 2023Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 64, April 18, 2023, page H1847.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2462 | Motorsports Fairness and Permanency Act of 2023 | Identical bill | Jul 25, 2023 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.
- Short Title(s) as Introduced
- Motorsports Fairness and Permanency Act of 2023
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 18, 2023Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
