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II
116TH CONGRESS
1ST SESSION
S. 1141
To provide predictability and certainty in the tax law, create jobs, and
encourage investment.
IN THE SENATE OF THE UNITED STATES
APRIL 11, 2019
Ms. STABENOW (for herself and Mr. BURR) introduced the following bill;
which was read twice and referred to the Committee on Finance
A BILL
To provide predictability and certainty in the tax law, create
jobs, and encourage investment.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Motorsports Fairness
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and Permanency Act of 2019’’.
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•S 1141 IS
SEC. 2. 7-YEAR APPLICABLE RECOVERY PERIOD FOR MO-
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TORSPORTS ENTERTAINMENT COMPLEX FA-
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CILITIES MADE PERMANENT.
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(a) IN GENERAL.—Section 168(i)(15) of the Internal
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Revenue Code of 1986 is amended by striking subpara-
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graph (D).
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(b) EFFECTIVE DATE.—The amendment made by
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this section shall apply to property placed in service after
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December 31, 2017.
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Æ
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