S. 1763In committeeJobs & the economy
Senate bill locks in tax break for racing venues
Data as of July 11, 2026
This bill would make permanent a tax rule letting motorsports venue owners write off facility costs over 7 years instead of longer.35-second read · 4 questions answered below
Decoded
What does this do?
This bill would permanently allow owners of motorsports entertainment complexes — like NASCAR tracks and drag strips — to depreciate their facilities over 7 years for tax purposes. That faster write-off schedule has repeatedly expired and needed Congress to renew it.
Who does it affect?
The direct beneficiaries are businesses that own and operate motorsports venues. Supporters also point to workers and fans in the broader racing industry.
Why does it matter?
Because the rule has expired repeatedly, track owners have faced uncertainty when planning long-term investments. Making it permanent means owners can count on the tax treatment when deciding whether to build, expand, or upgrade facilities.
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
Motorsports Fairness and Permanency Act of 2025
- Introduced:
- May 14, 2025
- Latest action:
- May 14, 2025
Read twice and referred to the Committee on Finance.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.