Stabenow Seeks Tax Sweeteners for NASCAR Track Operators

Sen. Debbie Stabenow, D-Mich., is teaming with Senate Appropriations Chairman Thad Cochran, R-Miss., and other senior Republicans in pressing for a permanent extension of faster tax write-offs for operators of motor racetracks, including 29 venues used for NASCAR events.

A new Stabenow bill (S 1624) and a similar House measure (HR 1549) by Rep. Tom Reed, R-N.Y., would make permanent the accelerated seven-year time frame for writing off improvements to racetracks.

The incentive was renewed in the two-year tax break extension (PL 113-295) that expired at the end of last year. In coming weeks, Stabenow has signaled that she and other lawmakers will press to add her proposal in a tax overhaul plan and will insist on at least a temporary extension of the sweetener as part of a possible year-end tax break extension package. Roll Call