S 1174

112th CONGRESS
1st Session

S. 1174

To provide predictability and certainty in the tax law, create jobs, and encourage investment.

IN THE SENATE OF THE UNITED STATES

June 9, 2011

Ms. STABENOW (for herself, Mr. ROBERTS, Mr. NELSON of Florida, Mrs. HAGAN, Mr. BURR, and Mr. KYL) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To provide predictability and certainty in the tax law, create jobs, and encourage investment.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `Motorsports Fairness and Permanency Act'.

SEC. 2. 7-YEAR CLASS LIFE FOR MOTORSPORTS ENTERTAINMENT COMPLEX FACILITIES MADE PERMANENT.

    Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).

END