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 Hill.com, 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 TheHill.com.

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 TheHill.com.

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 TheHill.com 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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World of Outlaws release 2023 Sprint Car Series schedule

2023 Outlaws Sprint schedule
World of Outlaws
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The 2023 World of Outlaws Sprint Car Series schedule features 87 races, almost identical to the last year’s number, to be contested at 36 venues across 19 states. With cancelations for mostly weather, they closed out this year’s calendar on November 5 with 69 events in the books. Carson Macedo won a series high 11 races.

In 2022, David Gravel chased Brad Sweet into the three-race finale on the Dirt Track at Charlotte Motor Speedway in one of the most hotly contested championships in Outlaws history. Sweet emerged victorious for the fourth straight year.

For the 19th consecutive season, the Outlaws Sprints will begin their season at Volusia Speedway Park for the DIRTcar Nationals from Feb. 9-11 and will return March 5-6 for another two-day show before hitting the road with a three-track swing into Pennsylvania to take on the Posse.

MORE: 2023 World of Outlaws Late Model Schedule

“Every year we continue to build the best schedule we can for drivers and fans across the country,” said World of Outlaws CEO Brian Carter is a series release. “I’m excited for the journey we’ve put together, which includes the biggest races in Sprint Car racing, our new Spring Swing through Pennsylvania, the thrill of combining the World of Outlaws and ‘Bike Week’ and so much more.”

Some tracks returning from hiatus and one brand new course include 81 Speedway in Park City, Kans. in April and again in October, Tri-City Speedway in Pontoon City, Ill. in April, Ogilvie (Minn.) Raceway in June and BAPS Motor Speedway in York Haven, Penn.

BAPS hosts its first race in more than 30 years when the track was known as Susquehanna Speedway. This midweek show will give the local Pennsylvania Posse 14 attempts to beat the traveling Outlaws.

Ogilvie Speedway is completely new to the series and makes it the 224th different venue they will have challenged.

MORE: Brad Sweet protects his place in history

Notably missing from the calendar are Vado (N.M.) Speedway Park, Cotton Bowl Speedway in Paige, Texas, Bakersfield (Calif.) Speedway and the Bristol Motor Speedway Dirt Track.

In addition to the new spring Pennsylvania Swing, the second date at Volusia Speedway will coincide with Daytona Beach’s Bike Week and bring new eyes to the sport.

Knoxville Raceway adds another multi-night show to the calendar in April, giving this track eight sanctioned events in 2023.

And of course, there are plenty of mainstays and high dollar events, such as the Memorial Day Spectacular at Lawrenceburg (Ind.) Speedway, the 35th running of the Brad Doty Classic in July and the Labor Day Spectacular at Gray’s Harbor in Elma, Wash.

Several big paydays are on the line in 2023 including the 40th annual Kings Royal at Eldora Speedway in Rossburg, Ohio paying $175,000 to the winner, the Huset’s High Bank Nationals’ $250,000-to-win finale and the grandaddy of them all, the 62nd Knoxville Nationals with a total purse exceeding $1 million.

2023 Outlaws Sprint Schedule

Thursday-Saturday, Feb. 9-11 – Volusia Speedway Park (Barberville, FL)

Sunday-Monday, March 5-6 – Volusia Speedway Park (Barberville, FL)
Friday-Saturday, March 10-11 – Port Royal Speedway (Port Royal, PA)
Friday, March 17 – Williams Grove Speedway (Mechanicsburg, PA)
Saturday, March 18 – Lincoln Speedway (Abbottstown, PA)
Friday, March 24 – Talladega Short Track (Eastaboga, AL)
Saturday, March 25 – Magnolia Motor Speedway (Columbus, MS)
Friday, March 31-Saturday, April 1 – Devil’s Bowl Speedway (Mesquite, TX)

Friday, April 7 – US-36 Raceway (Osborn, MO)
Saturday, April 8 – 81 Speedway (Park City, KS)
Friday-Saturday, April 14-15 – Federated Auto Parts Raceway at I-55 (Pevely, MO)
Friday-Saturday, April 21-22 – Knoxville Raceway (Knoxville, IA)
Friday, April 28 – Tri-City Speedway (Granite City, IL)
Saturday, April 29 – Tri-State Speedway (Haubstadt, IN)

Friday-Saturday, May 5-6 – Eldora Speedway (Rossburg, OH)
Wednesday, May 10 – Lincoln Speedway (Abbottstown, PA)
Friday-Saturday, May 12-13 – Williams Grove Speedway (Mechanicsburg, PA)
Friday, May 19 – Attica Raceway Park (Attica, OH)
Saturday, May 20 – Sharon Speedway (Hartford, OH)
Friday-Saturday, May 26-27 – Atomic Speedway (Chillicothe, OH)
Monday, May 29 – Lawrenceburg Speedway (Lawrenceburg, IN)

Friday, June 2 – River Cities Speedway (Grand Forks, ND)
Saturday, June 3 – Ogilvie Raceway (Ogilvie, MN)
Friday-Saturday, June 9-10 – Knoxville Raceway (Knoxville, IA)
Friday-Saturday, June 16-17 – Beaver Dam Raceway (Beaver Dam, WI)
Wednesday-Saturday, June 21-24 – Huset’s Speedway (Brandon, SD)
Friday, June 30-Saturday, July 1 – Cedar Lake Speedway (New Richmond, WI)

Friday, July 7 – 34 Raceway (West Burlington, IA)
Saturday, July 8 – Wilmot Raceway (Wilmot, WI)
Tuesday, July 11 – Attica Raceway Park (Attica, OH)
Friday-Saturday, July 14-15 – Eldora Speedway (Rossburg, OH)
Wednesday, July 19 – BAPS Motor Speedway (York Haven, PA)
Friday-Saturday, July 21-22 – Williams Grove Speedway (Mechanicsburg, PA)
Saturday-Sunday, July 29-30 – Weedsport Speedway (Weedsport, NY)

Friday-Saturday, Aug. 4-5 – Federated Auto Parts Raceway at I-55 (Pevely, MO)
Wednesday-Saturday, Aug. 9-12 – Knoxville Raceway (Knoxville, IA)
Thursday-Saturday, Aug. 17-19 – Jackson Motorplex (Jackson, MN)
Friday, Aug. 25 – River Cities Speedway (Grand Forks, ND)
Saturday, Aug. 26 – Red River Valley Speedway (West Fargo, ND)
Thursday, Aug. 31-Saturday, September 2 – Skagit Speedway (Alger, WA)

Monday, Sept. 4 – Grays Harbor Raceway (Elma, WA)
Thursday-Saturday, Sept. 7-9 – Silver Dollar Speedway (Chico, CA)
Friday, Sept. 15 – Keller Auto Speedway (Hanford, CA)
Saturday, Sept. 16 – Placerville Speedway (Placerville, CA)
Friday, Sept. 22 – Eldora Speedway (Rossburg, OH)
Saturday, Sept. 23 – Sharon Speedway (Hartford, OH)
Friday-Saturday, Sept. 29-30 – Williams Grove Speedway (Mechanicsburg, PA)

Friday-Saturday, Oct. 6-7 – Port Royal Speedway (Port Royal, PA)
Friday, Oct. 13 – 81 Speedway (Park City, KS)
Saturday, Oct. 14 – Lakeside Speedway (Kansas City, KS)
Friday-Saturday, Oct. 20-21 – TBA

Wednesday-Saturday, Nov. 1-4 – The Dirt Track at Charlotte (Concord, NC)