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Racetrack Owners Seek to Put the Brakes on the Term: 'NASCAR Tax Break'

from NationalJournal

Motor racetrack owners are waving the red flag, calling for a stop to what they say is false labeling of the longtime tax provision they are asking Congress to renew — taking issue with it's being called the "NASCAR Tax Credit." That phrase may be catchier than the "tax treatment of motorsports facilities." But they say it is not correct, because the tax provision doesn't directly benefit the sanctioning body of stock-car racing itself, even if there are interconnections. more

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