Congresswoman Claudia Tenney has reintroduced legislation aimed at giving racetrack owners financial certainty to reinvest in their facilities and boost local economies.
The Motorsports Fairness and Permanency Act, reintroduced this week, would make permanent a seven-year cost recovery period for investments in motorsports entertainment complexes. The bipartisan measure has drawn support from both sides of the aisle, with cosponsors including Representatives Mike Thompson, Richard Hudson, Terri Sewell, Rudy Yakym, and Debbie Wasserman Schultz.
Tenney, whose 24th Congressional District includes several notable racetracks, says the bill is about more than tax code—it’s about protecting jobs and preserving an American pastime.
“Motorsports venues like Oswego Speedway and Watkins Glen International aren’t just recreational outlets,” Tenney said. “They’re economic engines that provide jobs and community pride. Making the seven-year depreciation schedule permanent gives track owners the confidence and flexibility to invest in safety upgrades, infrastructure, and fan experiences.”
Oswego Speedway Track Manager Caylee Demm called the bill “vital” to the industry’s future. “This stability not only preserves the jobs and economic impact we provide locally, but also ensures we can continue delivering family-friendly entertainment for generations to come,” Demm said.
Watkins Glen International, a storied racing venue located in Schuyler County, echoed the need for tax clarity. “This legislation would codify policy that had been supported by Congress for over two decades,” said Dawn Burlew, president of the track. “It will ultimately help ensure motorsports facilities can continue to grow our business and drive significant economic activity to local, regional and state economies.”
The motorsports industry often requires high-dollar reinvestment into safety features, facilities, and fan engagement tools. Advocates argue the current cost recovery system has provided a crucial incentive for such improvements, but without permanent status, it leaves business owners vulnerable to future policy shifts.
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