S. 1763 — Introduced in Senate

II 119th CONGRESS 1st Session S. 1763 IN THE SENATE OF THE UNITED STATES May 14, 2025 Mr. Young (for himself and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on Finance 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 2025. 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).