motorsports entertainment complex
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 168 — under this section
The term “motorsports entertainment complex” means a racing track facility which—
(i) is permanently situated on land, and
(ii) during the 36-month period following the first day of the month in which the asset is placed in service, hosts 1 or more racing events for automobiles (of any type), trucks, or motorcycles which are open to the public for the price of admission.