CLASS RACER FORUM - View Single Post

Michael Compton · 10-03-2008, 03:50 PM

All it is is an extension of a previous law passed in 2004 allowing auto racetrack owners to depreciate their facilities over a 7 year period. Their was no bailout only an extension. I assume the reason it has $100 million next to it would be the amount if money the government expects to lose in revenue.

10-03-2008, 03:50 PM	#3
Michael Compton Member Join Date: Dec 2003 Location: Neosho, MO Posts: 215 Likes: 0 Liked 59 Times in 13 Posts	Re: $100 Million for Auto Race track Owners? All it is is an extension of a previous law passed in 2004 allowing auto racetrack owners to depreciate their facilities over a 7 year period. Their was no bailout only an extension. I assume the reason it has $100 million next to it would be the amount if money the government expects to lose in revenue.