Pub. L. 116-260, div. EE, tit. I, subtit. B, sec. 115 (as amended)
7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.
SEC. 115. 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.
(a) In General.—Section 168(i)(15)(D) is amended by striking “December 31, 2020” and inserting “December 31, 2025”.
(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, 2020.
- Cross-references to the US Code
- 26 U.S.C. 168 note