US SB1141 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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
| Sen. Debbie Stabenow [D-MI] | Sen. Richard Burr [R-NC] | Sen. Jeanne Shaheen [D-NH] | Sen. Roger Wicker [R-MS] |
| Sen. Jerry Moran [R-KS] | Sen. Gary Peters [D-MI] | Sen. Doug Jones [D-AL] | Sen. Lindsey Graham [R-SC] |
| Sen. Mark Warner [D-VA] | Sen. Martha McSally [R-AZ] | Sen. Margaret Hassan [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-04-11 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2137 (Related) 2019-04-08 - Referred to the House Committee on Ways and Means.
SB617 (Related) 2019-03-04 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
SB617 (Related) 2019-03-04 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
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/senate-bill/1141/all-info |
| Text | https://www.congress.gov/116/bills/s1141/BILLS-116s1141is.pdf |
