UPDATE: West Virginia Bill to Aid the Construction Of Motorsports Complexes Advances
DON’T DELAY! Please contact the members of the Senate Finance Committee to request support for S.B. 554:
You may use the following points in your message:
- S.B. 554 recognizes the important economic and civic value that additional motorsports can provide to the state.
- S.B. 554 recognizes the importance of providing incentives to attract large-scale investment in motorsports entertainment complexes.
- S.B. 554 provides tax exemptions for certain building materials and equipment used in the construction, repair or improvement of a motorsports entertainment complex.
- S.B. 554 acknowledges that motorsports represent an important part of preserving the technological achievements and cultural heritage of the United States.
Overview: SAN-supported legislation (S.B. 554) has been introduced in West Virginia to aid and incentivize the construction of motorsports complexes. The bill was introduced in the previous legislative session but failed to pass prior to the adjournment of the session. The bill passed the Senate Economic Development Committee and awaits consideration by the Senate Finance Committee.