II 115th CONGRESS 2d Session S. 2540 IN THE SENATE OF THE UNITED STATES March 13, 2018 Ms. Stabenow (for herself, Mr. Burr , Mrs. Shaheen , Mr. Graham , Mr. Warner , Mr. Grassley , Mr. Peters , Mr. Moran , Mr. Nelson , and Mr. Heller ) 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.

1. Short title This Act may be cited as the Motorsports Fairness and Permanency Act . 2. 7-year class life for motorsports entertainment complex facilities made permanent (a) In general Section 168(i)(15) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D). (b) Effective date The amendment made by this section shall apply to property placed in service after December 31, 2017.