H.R.2900: To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.

About This Bill

  • This bill was introduced in the 108th Congress
  • This bill is primarily about taxation
  • Introduced July 25, 2003
  • Latest Major Action July 25, 2003

Bill Cosponsors

66 (18 Democrats, 49 Republicans)

Bill 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.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
July 25, 2003

Introduced in the House by John D. Hayworth (R-Ariz.)

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