Summary: S.1141 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.1141. Bill summaries are authored by CRS.

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Introduced in Senate (04/11/2019)

Motorsports Fairness and Permanency Act of 2019

This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.