What This Bill Does · Plain English
Summary
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Action Timeline
2025-05-14
Read twice and referred to the Committee on Finance.
2025-05-14
Introduced in Senate
Frequently Asked Questions
Did S.1763 pass?
S.1763 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
Who sponsored S.1763?
S.1763 was sponsored by Todd Young (R-Indiana).
Full Bill Text
II 119th CONGRESS 1st Session S. 1763 IN THE SENATE OF THE UNITED STATES May 14, 2025 Mr. Young (for himself and Mr. Warner ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to make permanent the 7-year recovery period for motorsports entertainment complexes. 1. Short title This Act may be cited as the Motorsports Fairness and Permanency Act of 2025 . 2. 7-year recovery period for motorsports entertainment complexes made permanent Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).
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