H.R. 2900 · 108th Congress
To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.
- Stage
- In committee
- Sponsor
- J.D. Hayworth
- Introduced
- 2003-07-25
- Latest action
- 2003-07-25 · Introduced in House
Summary
Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.