Motor Sports Seek to Protect U.S. Tax Breaks From Cuts
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Dan Houser, the chief financial officer of International Speedway Corp., knows his industry is a potential target for lawmakers scrubbing the tax code for narrow breaks they can eliminate.
The one with the “sexy tag” of a NASCAR tax break, he said, can be twisted and criticized unfairly. The provision lets track owners depreciate capital costs over seven years instead of the usual 15 or 39 years.