H.R. 2900 · 108th Congress · 2003–2004
To amend the Internal Revenue Code of 1986 to provide for a 7-year recovery period for motorsports entertainment complexes.
H.R. 2900 in the 108th Congress (2003–2004) was introduced on Jul 25, 2003, sponsored by J.D. Hayworth Jr. with 66 co-sponsors.
During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jul 25, 2003
- Co-sponsors
- 66
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.
Summary by the nonpartisan Congressional Research Service.
Sponsor
J.D. Hayworth Jr. (R-AZ). Co-sponsors: 18 Democrats, 48 Republicans.
Where it stands
- IntroducedJul 25, 2003
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jul 25, 2003)
More bills from J.D. Hayworth Jr. in the 108th Congress
Other Taxation bills in the 108th Congress
- H.R. 2: Jobs and Growth Tax Relief Reconciliation Act of 2003
- H.R. 1308: Working Families Tax Relief Act of 2004
- H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American…
- H.R. 4520: American Jobs Creation Act of 2004
- S. 150: Internet Tax Nondiscrimination Act
- H.R. 5365: To treat certain arrangements maintained by the YMCA Retirement Fund as church plans for the…
- H.R. 5394: To amend the Internal Revenue Code of 1986 to modify the taxation of arrow components.
- S. 2: Jobs and Growth Tax Act of 2003
- H.R. 7: Charitable Giving Act of 2003
- H.R. 8: Death Tax Repeal Permanency Act of 2003
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 2900 (108th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/108-hr-2900/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).