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I
118TH CONGRESS
1ST SESSION H. R. 2696
To amend the Internal Revenue Code of 1986 to make permanent the 7-
year recovery period for motorsports entertainment complexes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 18, 2023
Ms. TENNEY (for herself, Mr. THOMPSON of California, Mr. POSEY, Ms. SE-
WELL, Mr. YAKYM, Ms. WASSERMAN SCHULTZ, and Mr. FERGUSON) in-
troduced 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 7-year recovery period for motorsports
entertainment complexes.
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 2023’’.
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•HR 2696 IH
SEC. 2. 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS EN-
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TERTAINMENT COMPLEXES MADE PERMA-
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NENT.
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Section 168(i)(15) of the Internal Revenue Code of
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1986 is amended by striking subparagraph (D).
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