This bill makes permanent the 7-year depreciation recovery period for motorsports entertainment complexes under the Internal Revenue Code. Sec. 2, 7-year recovery period for motorsports entertainment complexes made permanent: The bill amends Section 168(i)(15) of the Internal Revenue Code of 1986 by removing subparagraph (D), which had previously limited the application of the 7-year recovery period, thereby making it permanent.
Summary of the bill text as introduced in House (Mar 18, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
Actions
HouseIntroduced in HouseMar 18, 2025
HouseReferred to the House Committee on Ways and Means.Mar 18, 2025
House Ways and Means CommitteeReferred To Mar 18, 2025
Sponsor and cosponsors45 cosponsors
Rep. Claudia Tenney (R-NY-24)Sponsor, Mar 18, 2025
Debbie Wasserman Schultz (D-FL-25)OriginalJoined Mar 18, 2025
Mike Thompson (D-CA-4)OriginalJoined Mar 18, 2025
Richard Hudson (R-NC-9)OriginalJoined Mar 18, 2025
Rudy Yakym (R-IN-2)OriginalJoined Mar 18, 2025
Terri Sewell (D-AL-7)OriginalJoined Mar 18, 2025
Byron Donalds (R-FL-19)Joined Apr 17, 2025
Carlos Gimenez (R-FL-28)Joined Apr 17, 2025
Diana Harshbarger (R-TN-1)Joined Jul 14, 2025
Sanford Bishop (D-GA-2)Joined Jul 15, 2025
Gary Palmer (R-AL-6)Joined Jul 25, 2025
Mariannette Miller-Meeks (R-IA-1)Joined Aug 12, 2025
Nicholas Langworthy (R-NY-23)Joined Aug 15, 2025
Randy Fine (R-FL-6)Joined Sep 16, 2025
Maggie Goodlander (D-NH-2)Joined Sep 23, 2025
David Schweikert (R-AZ-1)Joined Oct 17, 2025
Randy Feenstra (R-IA-4)Joined Nov 4, 2025
Gregory Murphy (R-NC-3)Joined Nov 17, 2025
Ashley Hinson (R-IA-2)Joined Nov 20, 2025
Brian Jack (R-GA-3)Joined Dec 17, 2025
Mike Haridopolos (R-FL-8)Joined Jan 7, 2026
Carol Miller (R-WV-1)Joined Jan 8, 2026
Aaron Bean (R-FL-4)Joined Jan 14, 2026
Pat Harrigan (R-NC-10)Joined Jan 14, 2026
Steven Horsford (D-NV-4)Joined Jan 15, 2026
Russell Fry (R-SC-7)Joined Jan 16, 2026
Mark Harris (R-NC-8)Joined Jan 30, 2026
Tim Moore (R-NC-14)Joined Jan 30, 2026
Vern Buchanan (R-FL-16)Joined Feb 23, 2026
Tim Walberg (R-MI-5)Joined Apr 9, 2026
H. Griffith (R-VA-9)Joined Apr 27, 2026
Addison McDowell (R-NC-6)Joined Apr 30, 2026
Jennifer McClellan (D-VA-4)Joined Apr 30, 2026
Norma Torres (D-CA-35)Joined May 14, 2026
David Rouzer (R-NC-7)Joined May 29, 2026
Jimmy Gomez (D-CA-34)Joined Jun 2, 2026
André Carson (D-IN-7)Joined Jun 9, 2026
Derrick Van Orden (R-WI-3)Joined Jun 25, 2026
Mike Rogers (R-AL-3)Joined Jul 22, 2026
Darren Soto (D-FL-9)Joined Sep 14, 2026
Jefferson Shreve (R-IN-6)Joined Sep 14, 2026
John McGuire (R-VA-5)Joined Sep 14, 2026
Donald Davis (D-NC-1)Joined Sep 17, 2026
Brad Knott (R-NC-13)Joined Sep 28, 2026
Chris Pappas (D-NH-1)Joined Sep 28, 2026
Sarah McBride (D-DE)Joined Oct 13, 2026
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
Short titles
Motorsports Fairness and Permanency Act of 2025Short Title(s) as Introduced
Official titles
To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes.Official Title as Introduced