I 118th CONGRESS 1st Session H. R. 2696 IN THE HOUSE OF REPRESENTATIVES April 18, 2023 Ms. Tenney (for herself, Mr. Thompson of California , Mr. Posey , Ms. Sewell , Mr. Yakym , Ms. Wasserman Schultz , and Mr. Ferguson ) introduced the following bill; which was referred to the Committee on Ways and Means 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 2023 . 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).