S. 1524 · 108th Congress
A bill to amend the Internal Revenue Code of 1986 to allow a 7-year applicable recovery period for depreciation of motorsports entertainment complexes.
- Stage
- In committee
- Sponsor
- Rick Santorum
- Introduced
- 2003-07-31
- Latest action
- 2003-07-31 · Introduced in Senate
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.