The Motorsports Fairness and Permanency Act of 2025 would make permanent a tax benefit for motorsports entertainment complexes by amending the Internal Revenue Code. Currently, these facilities can depreciate their assets over a 7-year period for tax purposes, which is set to expire; this bill would eliminate that expiration date and keep the benefit in place indefinitely. The legislation primarily affects owners and operators of racetracks and motorsports venues, allowing them to maintain favorable tax treatment for their facilities. No specific funding is required, as the bill simply modifies the tax code rather than allocating government resources. The bill was introduced in May 2025 and referred to the Senate Committee on Finance for consideration.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.