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S.557 - Federal Government - A bill to amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.

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Latest Update: Thursday, July, 24th 2008

A bill to amend the Internal Revenue Code of 1986 to make permanent the depreciation classification of motorsports entertainment complexes.

2/12/2007--Introduced.

Motorsports Fairness and Permanency Act of 2007 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.

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Latest Actions

02/12/2007 - Sponsor introductory remarks on measure. (CR S1863-1864)
02/12/2007 - Read twice and referred to the Committee on Finance.

Bill Text

File name		Last Updated
	S.557 Introduced in Senate	08/31/2007

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Sponsor

Charles E. Schumer

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