Pub. L. 115-123, div. D, tit. I, subtit. B, sec. 40305 (as amended)
EXTENSION OF 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.
SEC. 40305. EXTENSION OF 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.
(a) In General Section 168(i)(15)(D) is amended by striking “December 31, 2016” and inserting “December 31, 2017”.
(b) [26 U.S.C. 168 note] Effective Date The amendment made by this section shall apply to property placed in service after December 31, 2016.
- Cross-references to the US Code
- 26 U.S.C. 168 note