SEC. 312. EXTENSION OF 7-YEAR RECOVERY PERIOD FOR MOTORSPORTS ENTERTAINMENT COMPLEXES.
- (a) In General- Subparagraph (D) of section 168(i)(15) is amended by striking `December 31, 2011' and inserting `December 31, 2013'.
- (b) Effective Date- The amendment made by this section shall apply to property placed in service after December 31, 2011.