Motorsports Fairness and Permanency Act of 2025
Sponsored By: Senator Young, Todd [R-IN]
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
Young, Todd [R-IN]
IN • R
Cosponsors
Sen. Warner, Mark R. [D-VA]
VA • D
Sponsored 5/14/2025
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 6/27/2025
Roger Wicker
MS • R
Sponsored 7/30/2025
Sen. Shaheen, Jeanne [D-NH]
NH • D
Sponsored 7/31/2025
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 9/9/2025
Sen. Moody, Ashley [R-FL]
FL • R
Sponsored 9/10/2025
Sen. Kaine, Tim [D-VA]
VA • D
Sponsored 9/15/2025
Sen. Hassan, Margaret Wood [D-NH]
NH • D
Sponsored 11/3/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 11/18/2025
Sen. Gillibrand, Kirsten E. [D-NY]
NY • D
Sponsored 1/8/2026
Elissa Slotkin
MI • D
Sponsored 1/8/2026
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 1/15/2026
Sen. Graham, Lindsey [R-SC]
SC • R
Sponsored 2/9/2026
Gary Peters
MI • D
Sponsored 2/25/2026
Katie Britt
AL • R
Sponsored 4/29/2026
Sen. Tuberville, Tommy [R-AL]
AL • R
Sponsored 4/29/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov