So-called “NASCAR loophole” tax break set to expire

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This is one from the business of racing department, but the so-called “NASCAR loophole” that accelerates the depreciation of race tracks, and thus provided a small tax break for builders, is pretty much gone for 2014, per a report from the Washington Post.

According to that report, this break allowed NASCAR tracks to, in theory, compete on a level playing field with other theme parks. An earlier Post report from June 2012 said the cut expired itself at the end of 2011, as it was not renewed by Congress. The revenue impact though, wouldn’t happen until Fiscal Year 2013.

The loophole could occur because, according to a 2012 Daily Beast report, NASCAR racetrack owners could deduct the depreciation over seven years instead of the government-estimated 39 years. The cost to the government was estimated at that time at $40 million per year, and the cost to extend, per the Post today, would be $50 million annually.

Who has the best odds of winning Sunday’s Indianapolis 500?

Can Takuma Sato make it 2 Indy 500 wins in a row Sunday? Photo: IndyCar
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Noted oddsmaker Bovada (www.Bovada.lv) has released its annual list of which drivers have the best — or worst — odds of winning Sunday’s 102nd Running of the Indianapolis 500 at Indianapolis Motor Speedway.

Topping the list is 2016 Indy 500 winner Alexander Rossi at 8/1 odds, followed closely by Team Penske drivers Helio Castroneves (going for a record-tying fourth 500 triumph), 2017 Verizon IndyCar Series champ Josef Newgarden and Will Power, all at 10/1 odds.

Other notables include:

  • Pole sitter Ed Carpenter 12/1
  • Danica Patrick 25/1
  • Defending 500 winner Takuma Sato, who is vying to become the first back-to-back winner since Helio Castroneves did so in 2001 and 2002, 30/1
  • Rounding out the list with the highest odds of winning is Max Chilton at 25/1

Here’s the full list:

Indianapolis 500 – Odds to Win @ Indianapolis Motor Speedway

Alexander Rossi #27                  8/1

Helio Castroneves #3                 10/1

Josef Newgarden #1                  10/1

Will Power #12                          10/1

Sebastien Bourdais #18             12/1

Ed Carpenter #20                      12/1

Scott Dixon #9                          12/1

Ryan Hunter-Reay #28               12/1

Simon Pagenaud #22                12/1

Marco Andretti #98                    15/1

Tony Kanaan #14                       15/1

Sage Karam #24                        20/1

Carlos Munoz #29                      25/1

Danica Patrick #13                    25/1

Graham Rahal #15                     30/1

Takuma Sato #30                      30/1

Robert Wickens #6                    30/1

Gabby Chaves #88                    40/1

JR Hildebrand #66                     40/1

Ed Jones #10                            40/1

Charlie Kimball #23                    40/1

Spencer Pigot #21                     40/1

Zach Veach #26                        40/1

Stefan Wilson #25                     40/1

Zachary Claman De Melo #19     80/1

Jay Howard #7                          80/1

Matheus Leist #4                       80/1

Jack Harvery #60                       100/1

Oriol Servia #64                         100/1

Conor Daly #17                         150/1

James Davison #33                   200/1

Kyle Kaiser #32                         200/1

Max Chilton #59                        250/1