US HB2137 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 8 2019 - 25% progression, died in committee
Action: 2019-04-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 8 2019 - 25% progression, died in committee
Action: 2019-04-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.
Title
Motorsports Fairness and Permanency Act of 2019
Sponsors
| Rep. Mike Thompson [D-CA] | Rep. Tom Reed [R-NY] | Rep. Bill Posey [R-FL] | Rep. Christopher Pappas [D-NH] |
| Rep. Jimmy Panetta [D-CA] | Rep. Steve Watkins [R-KS] | Rep. Sanford Bishop [D-GA] | Rep. Jackie Walorski [R-IN] |
| Rep. David Scott [D-GA] | Rep. Michael Waltz [R-FL] | Rep. John Katko [R-NY] | Rep. Richard Hudson [R-NC] |
| Rep. Thomas Suozzi [D-NY] | Rep. Drew Ferguson [R-GA] | Rep. Doug LaMalfa [R-CA] | Rep. Mike D. Rogers [R-AL] |
| Rep. Matthew Cartwright [D-PA] | Rep. Tom Rice [R-SC] | Rep. Norma Torres [D-CA] | Rep. Grace Napolitano [D-CA] |
| Rep. Abigail Spanberger [D-VA] | Rep. Tim Walberg [R-MI] | Rep. Ann Kuster [D-NH] | Rep. Suzan DelBene [D-WA] |
| Rep. David Loebsack [D-IA] | Rep. Debbie Wasserman Schultz [D-FL] | Rep. Susan Brooks [R-IN] | Rep. Bill Foster [D-IL] |
| Rep. David Roe [R-TN] | Rep. Jeff Van Drew [R-NJ] | Rep. Adam Kinzinger [R-IL] | Rep. Robert Scott [D-VA] |
| Rep. Glenn Grothman [R-WI] | Rep. Sharice Davids [D-KS] | Rep. Carol Miller [R-WV] | Rep. Debbie Mucarsel-Powell [D-FL] |
| Rep. Mario Diaz-Balart [R-FL] | Rep. Joe Wilson [R-SC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-04-08 | House | Referred to the House Committee on Ways and Means. |
| 2019-04-08 | House | Introduced in House |
Same As/Similar To
SB617 (Related) 2019-03-04 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
SB1141 (Related) 2019-04-11 - Read twice and referred to the Committee on Finance.
SB1141 (Related) 2019-04-11 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Income tax deductions
Motor vehicles
Sports and recreation facilities
Taxation
Income tax deductions
Motor vehicles
Sports and recreation facilities
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/2137/all-info |
| Text | https://www.congress.gov/116/bills/hr2137/BILLS-116hr2137ih.pdf |
