,i #aafth ,,congress #ast ,session ,h4 ,r4 #bacg ,,in ,,the ,,house ,,of ,,representatives ,april #h1 #bjai ,mr4 ,thompson of ,california 7for himself1 ,mr4 ,reed1 and ,mr4 ,posey7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to make permanent the #g-year recovery period for motorsports entertainment complexes4 #a4 ,short title ,this ,act may be cited as the ,motorsports ,fairness and ,permanency ,act of #bjai4 #b4 #g-year recovery period for motorsports entertainment complexes made permanent 7a7 ,in general ,section #afh7;i77#ae7 of the ,internal ,revenue ,code of #aihf is amended by striking subparagraph 7,d74 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after ,december #ca1 #bjag4