Advertisement

NASCAR will take good news wherever it can get it, but from the federal budget deal?

Yep.

That massive $1.5 trillion dollar tax cut package, which passed in December and took effect in January, includes goodies for so-called motorsports entertainment complexes.

The ins and outs of “write downs” are fascinating to math geeks like me, but the bottom line is — the tax cuts could help save race tracks millions, which, by extension, keeps them open.

The savings are significant. In the 2015 tax year, race tracks saved an estimated $11 million, according to the Huffington Post. 

 YourCentralValley.com reported the news about the tax breaks for tracks.

The International Speedway Corp, a for-profit business that owns 13 race tracks across the country, including Darlington Raceway, Daytona, and Watkins Glen.

NASCAR gets good news out of the latest budget deal Jerry Markland/Getty Images
Author placeholder image About the author:

Engaging Car News, Reviews, and Content You Need to See - alt_driver Studio

Stories You Might Like