S.557: Motorsports Fairness and Permanency Act of 2007

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This bill was introduced in the 110th Congress
This bill is primarily about taxation
Introduced Feb. 12, 2007
Latest Major Action Feb. 12, 2007
See the one similar bills introduced in other congresses.

Bill Sponsor

Charles E. Schumer (D-N.Y.)

Bill Cosponsors

17 (6 Democrats, 12 Republicans)

Pat Roberts (R-Kan.)
Bill Nelson (D-Fla.)
Elizabeth H. Dole (R-N.C.)
Debbie Stabenow (D-Mich.)
Jon Kyl (R-Ariz.)
Richard G. Lugar (R-Ind.)
John E. Sununu (R-N.H.)
Richard M. Burr (R-N.C.)
Saxby Chambliss (R-Ga.)
John W. Warner (R-Va.)
Jeff Sessions (R-Ala.)
Johnny Isakson (R-Ga.)
Evan Bayh (D-Ind.)
Jim Webb (D-Va.)
John Ensign (R-Nev.)
Jim DeMint (R-S.C.)
Richard J. Durbin (D-Ill.)

Bill Summary

Motorsports Fairness and Permanency Act of 2007 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.

(Source: Library of Congress)

Bill Actions

Date	Description
	Sponsor introductory remarks on measure.
	Read twice and referred to the Committee on Finance.
Feb. 12, 2007	Introduced in the Senate by Charles E. Schumer (D-N.Y.)

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Bill Summary

Introduced in the Senate by Charles E. Schumer (D-N.Y.)