Battle to extend racetrack tax breaks heats up again

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The oftentimes controversial subject of tax breaks to U.S. auto racetracks is once again in the news.

According to a report by The, racetrack owners are back on the defensive about revenue-saving tax breaks that, while helping out many smaller tracks, are viewed by some legislators as unfair and unnecessary.

The so-called Motorsports Tax Break, which has been in effect since 2004, allows track owners a variety of breaks, including a shorter depreciation schedule upon things such as major equipment purchases and significant facility improvements.

Much of those types of tax breaks expired at the end of last year when Congress failed to pass an extension. The issue is back in the forefront of legislators, who are increasingly butting heads with fellow politicians who want to do away with the break, also known as “the extender.”

That’s why most motorsports series – including NASCAR, IndyCar, NHRA and IMSA – are reportedly stepping up lobbying efforts to get Congress to reconsider and extend the tax break.

“It’s an asterisk in the extenders, yet it gets all this attention, mischaracterized,” International Speedway Corporation president John Saunders told

Some of the motorsports-related tax breaks, as well as others for disparate entities such as Puerto Rican rum production and thoroughbred horse racing, are expected to be at least partly restored by year’s end, according to TheHill’s Bernie Becker.

But tax breaks aren’t just for major companies such as ISC, Speedway Motorsports Inc. and others. Small standalone racetracks and drag strips also receive tax benefits due to the nature of their businesses, many which are predicated upon things out of their control such as weather.

Many of those same tracks – it’s estimated there’s about 1,200 in the U.S. – can write off improvement costs over as much as seven years. In turn, that allows them to make even further improvements to their facilities to keep them technologically advanced and competitive with other similar tracks in their respective regions.

The U.S. Senate is preparing to float a proposal that would further extend the existing write-off schedule for another two years. There is also an option to extend the breaks for a decade at a cost of roughly $71 million, part of a larger $85 billion package to restore numerous other tax breaks to various industries that have also expired, according to

Two members of Congressional tax-writing committees – Sen. Debbie Stabenow (D-Mich.) and Rep. Tom Reed (R-N.Y.) – are seeking to make permanent the tax breaks for racetracks.

Stabenow told that Michigan International Speedway produces over $400 million annually in economic impact to the surrounding region and state.

“It’s a matter of just talking about how this is an economic engine for many communities around the country,” Stabenow said.

Michigan Republican and U.S. representative Dave Camp, who is chairman of the House Ways and Means Committee, is mixed in his viewpoint on the tax breaks. He has lobbied fellow Congressmen in recent months to either reinstate the temporary tax breaks or do away with them completely.

Curiously enough, however, Camp has not indicated that he would like to make the temporary tax breaks permanent.

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Get your motor running: American Flat Track’s new season premieres Sunday on NBCSN

Photos courtesy American Flat Track
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If you like racing two-wheel style, make sure you catch the debut of a new multi-year TV broadcast deal featuring the American Flat Track motorcycle racing series on NBCSN.

The 18-round series debuts this Sunday at 2 p.m. ET on NBCSN with the season-opening race that was held at Daytona International Speedway on March 15.

Going forward, all 18 rounds of the series will be televised on NBCSN in highly-coveted weekend afternoon programming slots without two weeks of each event.

Last season, AFT drew nearly two million viewers on NBCSN with regular primetime coverage on Thursday nights.

This season, the one-hour, tape-delayed telecasts will be part of NBCSN’s regular weekend programing, following or preceding coverage of NASCAR, INDYCAR and Pro Motocross.

AFT is now in its 65th season, with two distinct classes: powerful, twin-cylinder rides in the AFT Twins presented by Vance & Hines division, and the competition in the 450cc AFT Singles division.

“We are very excited to kick-off our second season of AFT on NBCSN,” NBC Sports Group Senior Director of Programming Jeff Macaluso. “The 2017 season provided us with some incredible racing and showed us how passionate the riders and fans are of this historic sport.

“The move to weekends this year, around other marquis motorsports properties, is sure to raise the level even higher.”

Here’s the 2018 AFT schedule on NBCSN:

Round Track, Location Track Type Premiere Time (ET) Time (PT)
1 Daytona International Speedway, Daytona Beach, FL TT Sun, 3/25 2:00 PM 11:00 AM
2 Dixie Speedway, Woodstock, GA Short Track Sat, 4/14 5:30 PM 2:30 PM
3 Texas Motor Speedway, Fort Worth, TX Half-Mile Sun, 5/06 4:00 PM 1:00 PM
4 Calistoga Speedway, Calistoga, CA Half-Mile Sun, 5/20 12:00 PM 9:00 AM
5 Turf Paradise, Phoenix, AZ Mile Sat, 5/26 3:00 PM 12:00 PM
6 Cal Expo, Sacramento, CA Mile Sun, 6/03 2:00 PM 11:00 AM
7 Illinois State Fairgrounds, Springfield, IL Mile Sat, 6/09 5:00 PM 2:00 PM
8 Red Mile, Lexington, KY Mile Sat, 6/16 12:00 PM 9:00 AM
9 Remington Park, Oklahoma City, OK Mile Sat, 6/23 5:00 PM 2:00 PM
10 Allen County Fairgrounds, Lima, OH Half-Mile Sat, 7/07 2:30 PM 11:30 AM
11 Weedsport Speedway, Weedsport, NY Short Track Sun, 7/15 6:00 PM 3:00 PM
12 Buffalo Chip Campgrounds, Sturgis, SD TT Sat, 8/11 12:30 PM 9:30 AM
13 Black Hills Speedway, Rapid City, SD Half-Mile Sat, 8/18 2:00 PM 11:00 AM
14 Peoria Motorcycle Club, Peoria, IL TT Sat, 9/01 3:00 PM 12:00 PM
15 Illinois State Fairgrounds, Springfield, IL Mile Sat, 9/22 2:30 PM 11:30 AM
16 Williams Grove Speedway, Mechanicsburg, PA Half-Mile Sun, 9/23 5:00 PM 2:00 PM
17 Canterbury Park, Shakopee, MN Mile Sun, 10/14 5:00 PM 2:00 PM
18 Meadowlands Racetrack, East Rutherford, NJ Mile Sun, 10/21 2:00 PM 11:00 AM


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