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.
Short title
This Act may be cited as the
Motorsports Fairness and Permanency Act of
2011
.
7-Year class life for motorsports entertainment complex facilities made permanent
In general
Paragraph (15) of section 168(i) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).
Effective date
The amendment made by this section shall apply to property placed in service after December 31, 2011.