Posts
662
Joined
11/20/2011
Location
Kalaheo, HI, USA
Edited Date/Time
1/4/2013 10:32am
http://www.usnews.com/news/articles/2013/01/02/fiscal-cliff-pork-aspara…
" A program that allows race track owners to deduct a total of more than $40 billion a year for their tracks, bleachers and concession stands also passed in the bill. Groups like NASCAR can continue to write off the maintenance costs of their tracks in a tax break that is similar to one amusement parks benefit from. The only catch is that the venue must have held an event on the premise sometime in the last three years."
This was included in the fiscal cliff bill! Who knew?
Does this also include motocross tracks, I wonder?
" A program that allows race track owners to deduct a total of more than $40 billion a year for their tracks, bleachers and concession stands also passed in the bill. Groups like NASCAR can continue to write off the maintenance costs of their tracks in a tax break that is similar to one amusement parks benefit from. The only catch is that the venue must have held an event on the premise sometime in the last three years."
This was included in the fiscal cliff bill! Who knew?
Does this also include motocross tracks, I wonder?
At the meeting, motocross was brought up, and they said that the track's proximity to I-95 (about 600 feet) makes motocross a "dust hazard".
Sucks, but, I'm building an RC51.
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