Summary: S.2540 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2540. Bill summaries are authored by CRS.

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Introduced in Senate (03/13/2018)

Motorsports Fairness and Permanency Act

This bill amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.