ISC is a member of the National Motorsports Coalition. The Motorsports Legislative Action Network (MLAN) is the home web site for the National Motorsports Coalition which is comprised of an affiliated group of race tracks, motorsports associations and sanctioning bodies that work together on common industry-related issues. Members of the Coalition include, but are not limited to, the American Motorcyclist Association ("AMA"), AMA Pro Racing, Grand American Road Racing ("Grand-Am"), Indy Racing League ("IRL"), International Motor Sports Association ("IMSA"), International Speedway Corporation ("ISC"), National Association for Stock Car Automobile Racing ("NASCAR"), National Hot Rod Association ("NHRA"), North Carolina Motorsports Association ("NCMA"), Speedway Motorsports Incorporated ("SMI"), Sports Car Club of America Pro Racing ("SCCA Pro Racing"), United States Auto Club ("USAC") and the World Karting Association ("WKA").
In addition to the teams and sponsors of the sanctioning leagues, there are various motorsports associations and over 900 permanent racing facilities that represent all segments of the industry operating in all 50 states. Motorsports racing is not limited to stock and sports car racing but also includes drag, karting, motorcross, and truck racing.
Permanent Clarification of Depreciation of Motorsports Facilities
Current tax law establishes depreciation periods for business assets in recognition that as property ages it loses value and must ultimately be replaced. Congress has structured the depreciation provisions of the Internal Revenue Code (“IRC”) to promote investment and modernization of business assets.
Motorsports Fairness and Permanency Act of 2009
|H.R. 1974 and S. 1400 known as the Motorsports Fairness and Permanency Act of 2009 amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven-year property.|
Download the List of Cosponsors (October 2009)
Motorsports Economic Impact
The National Motorsports Coalition has provided a sample of economic impact from various industry partners and racing facilities. The summary does not reflect the overall economic impact of the industry or the industry’s significant contributions to local and state income, sales, property and other taxes.
Download the Economic Impact Studies Sample
Diversity and Outreach Initiatives
The motorsports industry supports a wide range of initiatives to expand its reach in the communities in which it operates. From youth development and education to workforce development and minority outreach, motorsports is using the strength of the sport to make a difference.
Download the Diversity and Outreach Initiatives PDF
The National Motorsports Coalition is comprised of an affiliated group of race tracks, motorsports associations and sanctioning bodies that work together on common industry-related issues.
Download the Industry Overview PDF