Motorsports Fairness and Permanency Act of 2025
Sponsored By: Senator Todd Young
Introduced
Summary
Permanently sets a seven-year depreciation (recovery) period for property used in motorsports entertainment complexes. This bill would amend Internal Revenue Code section 168(i)(15) by striking subparagraph (D), removing the temporary or sunset treatment and fixing the recovery period at seven years for qualifying motorsports property. That change would give owners and investors clearer, stable rules for writing off costs of tracks, grandstands, garages, and other related facilities for tax purposes.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Permanent 7-Year Tax Break for Motorsports
This bill would make the 7-year tax depreciation for motorsports entertainment property permanent. If enacted, owners and investors in qualifying motorsports facilities would be able to depreciate that property over seven years when it is placed in service. That speeds up deductions and would reduce taxable income sooner. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Todd Young
IN • R
Cosponsors
Mark Warner
VA • D
Sponsored 5/14/2025
Ted Budd
NC • R
Sponsored 6/27/2025
Roger Wicker
MS • R
Sponsored 7/30/2025
Jeanne Shaheen
NH • D
Sponsored 7/31/2025
Marsha Blackburn
TN • R
Sponsored 9/9/2025
Ashley Moody
FL • R
Sponsored 9/10/2025
Timothy Kaine
VA • D
Sponsored 9/15/2025
Maggie Hassan
NH • D
Sponsored 11/3/2025
Thomas Tillis
NC • R
Sponsored 11/18/2025
Kirsten Gillibrand
NY • D
Sponsored 1/8/2026
Elissa Slotkin
MI • D
Sponsored 1/8/2026
Lisa Blunt Rochester
DE • D
Sponsored 1/15/2026
Lindsey Graham
SC • R
Sponsored 2/9/2026
Gary Peters
MI • D
Sponsored 2/25/2026
Roll Call Votes
No roll call votes available for this bill.
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