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H.R. 673House112th Congress (2011-2013)In Committee

Motorsports Fairness and Permanency Act of 2011

To amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.

Sponsored by Dean HellerRep. Dean Heller (R-NV)+ 1 co-lead
Introduced February 11, 2011

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2 earlier actions
HouseFloor Latest Action

Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 673, and to have the authority to add co-sponsors. Agreed to without objection.

May 11, 2011 • 3:33 PM

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HouseIntro Referral

Introduced in House

February 11, 2011

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

February 11, 2011

HouseFloor

Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 673, and to have the authority to add co-sponsors. Agreed to without objection.

May 11, 2011 • 3:33 PM

Floor Debate

1 member

What members said about H.R. 673 on the floor

1 Democrat
Shelley Berkley
Rep. Shelley BerkleyD-NV-1 · May 11, 2011

Madam Speaker, I ask unanimous consent that I may hereafter be considered to be the first sponsor of H.R. 673, a bill originally introduced by Representative Heller of Nevada, for the purposes of…

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Bill Text

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Introduced in HouseIssued February 11, 2011

I

112th CONGRESS

1st Session

H. R. 673

IN THE HOUSE OF REPRESENTATIVES

February 11, 2011

Mr. Heller (for himself, Mr. Thompson of California, Ms. Berkley, Mr. Jones, Mr. Burton of Indiana, Ms. Wasserman Schultz, Mr. McCotter, Mr. Posey, and Mr. Scott of Virginia) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.

1.

Short title

This Act may be cited as the Motorsports Fairness and Permanency Act of 2011.

2.

7-Year class life for motorsports entertainment complex facilities made permanent

(a)

In general

Paragraph (15) of section 168(i) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).

(b)

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2011.