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157 pages of fiscal cliff BS Nascar.

Discussion in 'Talk, Talk (off topic)' started by Fishface1911, Jan 1, 2013.

  1. Fishface1911

    Fishface1911 Master of Puppets.

    http://www.breitbart.com/Breitbart-...-Fiscal-Cliff-Bill-Includes-NASCAR-Tax-Credit

    The "fiscal cliff" deal reached by the Senate and the White House on New Year's Eve, and passed in legislative form by the Senate early New Year's Day, includes many giveaways to special interests--including an extension of a perk enjoyed by "motorsports entertainment complexes" otherwise known as the "NASCAR tax credit."
    The provision, under section 168(i)(15) of the federal tax code, allows speedways to write off their costs over seven years. Typically, such expensing occurs over a much longer period of time, from 15 to 39 years. The cost of the NASCAR tax credit to taxpayers has been estimated at some $40 million--over and above any tax incentives provided by state and local authorities.
     
    Fishface1911, Jan 1, 2013
    #1
  2. Ktfishhunt

    Ktfishhunt Well-Known Member

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    Ktfishhunt, Jan 1, 2013
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  3. Alan

    Alan Proud Infidel

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    Alan, Jan 1, 2013
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  4. Fishface1911

    Fishface1911 Master of Puppets.

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    Fishface1911, Jan 1, 2013
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  5. ACBass

    ACBass Well-Known Member

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    ACBass, Jan 1, 2013
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  6. Alan

    Alan Proud Infidel

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    Alan, Jan 1, 2013
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  7. BayStateBasser

    BayStateBasser New Guy

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    BayStateBasser, Jan 1, 2013
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  8. Alan

    Alan Proud Infidel

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    Alan, Jan 2, 2013
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  9. teamplayer

    teamplayer Well-Known Member

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    teamplayer, Jan 2, 2013
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  10. n2ratfishin

    n2ratfishin Well-Known Member

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    n2ratfishin, Jan 2, 2013
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