H.R. 2696 — Introduced in House

I 118th CONGRESS 1st Session H. R. 2696 IN THE HOUSE OF REPRESENTATIVES April 18, 2023Ms. Tenney (for herself, Mr. Thompson of California, Mr. Posey, Ms. Sewell, Mr. Yakym, Ms. Wasserman Schultz, and Mr. Ferguson) introduced 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. 1. Short title This Act may be cited as the Motorsports Fairness and Permanency Act of 2023. 2. 7-year recovery period for motorsports entertainment complexes made permanent Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).