To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.

This bill would change the federal tax code to allow owners of motorsports entertainment complexes, such as NASCAR tracks, to write off the costs of building or improving their facilities over a seven-year period. By shortening the timeframe for these tax deductions, the legislation aims to provide immediate financial relief and encourage private investment in racing venues. For the public, this is intended to support the economic stability of the motorsports industry and the local economies that rely on these tracks for tourism and jobs.